Retail | 8.5% CAP | 10,500 SF
Family Dollar – Rogersville, TN
Marketing description
Family Dollar
2890 Highway 66 S, Rogersville, TN 37857
Hawkins County, TN
1) large concrete parking lot with virtually zero maintenance
2) Centrally located between Knoxville and Kingsport
J. P. King Auction Co., Inc. (Agent) and Seller have common shareholders.
Investment highlights
Financial Summary
Price:$1,593,165
Cap Rate:8.5%
Building Size:10,500 SF
Net Cash Flow:$135,419.00
Year Build/Renovated: 2024
Lot Size:2.05 Acres
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar/Dollar Tree
Guarantor: Family Dollar Stores of Tennessee, LLC
Roof & Structure: Landlord Responsible
Lease Commencement Date: April 1, 2024
Lease Expiration Date: April 2, 2034
Lease Term: 10
Years Rental Increases: $.50psf Every 5 Years Beginning in Options
Renewal Options: 5, 5 Year Options
Right of First Refusal: None
Annualized Operating Data
Lease Years: 4/1/2024-4/2/2034
Annual Rent: $135,419.00
Cap Rate: 8.5%
Base Rent - $135,419
Net Operating - $135,419
Income Total Return - $135,419
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