Family Dollar Dollar Tree | New 10yr Corp NN | 8171 Highway 19 E
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Family Dollar Dollar Tree | New 10yr Corp NN 8171 Highway 19 E
10,500 SF Retail Building Roan Mountain, TN 37687 £1,374,691 (£131/SF) 7.15% Net Initial Yield
Investment Highlights
- New 10-Year Lease | Relocation Store | Corporate Guaranteed | Scheduled Rent Increases | Brand New Construction
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- U.S. Highway 19E (7,700 VPD) | Cloudland High School |Limited Competition | Excellent Visibility & Access
Executive Summary
• Tenant recently executed a brand-new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Family Dollar Stores, Inc., a nationally recognized and established dollar store
• In 2015 leading operator of discount variety stores, Dollar Tree, Inc. acquired Family Dollar Store, Inc. creating a combined organization with sales exceeding$19 Billion annually and over 145,000 associates
• The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Brand new construction featuring high quality materials, distinct design elements, and high level finishes
• The lease is corporate signed by Family Dollar Stores, Inc., a nationally recognized and established dollar store
• In 2015 leading operator of discount variety stores, Dollar Tree, Inc. acquired Family Dollar Store, Inc. creating a combined organization with sales exceeding$19 Billion annually and over 145,000 associates
• The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Brand new construction featuring high quality materials, distinct design elements, and high level finishes
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Year Built
2024
Construction Status
Under Construction
Price
£1,374,691
Price Per SF
£131
Net Initial Yield
7.15%
NOI
£98,285
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.24 AC
Zoning
General Commercial
Parking
3.81 Spaces per 1,000 SF Leased
Amenities
- Freeway Visibility
- Signage
1 of 7
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Family Dollar Dollar Tree | New 10yr Corp NN | 8171 Highway 19 E
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