Retail | 8.5% CAP | 10,500 SF
Family Dollar – Bloomington Springs, TN
Marketing description
Family Dollar
4500 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
Jackson County
1) large concrete parking lot with virtually zero maintenance
2) Centrally located between Nashville and Knoxville
J. P. King Auction Co., Inc. (Agent) and Seller have common shareholders.
Investment highlights
Financial Summary
Price:$1,558,941
Cap Rate: 8.5%
Building Size:10,500 SF
Net Cash Flow:$132,510
Year Build/Renovated: Under Construction
Lot Size:1.06Acres
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar/Dollar Tree
Guarantor: Family Dollar Stores of Tennessee, LLC
Roof & Structure: Landlord Responsible
Lease Commencement Date: January 2, 2024
Lease Expiration Date: January 3, 2034
Lease Term: 10 Years
Rental Increases:$.50psf Every 5 Years Beginning in Options
Renewal Options: 5, 5 Year Options
Right of First Refusal: None
Annualized Operating Data
Lease Years - 1/2/2024-1/3/2034
Annual Rent - $132,510.00
Cap Rate - 8.5%
Base Rent - $132,510
Net Operating Income - $132,510
Total Return - $132,510
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