Former Family Dollar Jellico, TN
Built in 1998
Marketing description
For registration requirements and regulations, please review here or contact Audrey Hanna | 989-277-5400 | [email protected].
Welcome to an enticing investment opportunity at FORMER DOLLAR STORE at 174 S Main St, Jellico, TN 37762! This vacant commercial building of around 7,000 square feet offers a promising value-add potential. Positioned strategically on a signalized corner, this property sees over 10,000 Vehicles Per Day (VPD) and benefits from a vibrant retail environment with nearby renowned tenants like Family Dollar, O’Reilly’s Auto Parts, and Dollar General. Tennessee's tax-friendly environment heightens the appeal of this investment, promising attractive after-tax yields. Previously occupied by Family Dollar, the site now awaits a savvy investor to capitalize on its redevelopment or leasing potential. Experience the enduring commitment of leading retailers in the area, signifying robust market confidence and growth prospects. Don't miss out on this opportunity to secure a property with immense potential for lucrative returns. The former Dollar Store presents a solid investment prospect in the heart of Jellico, TN. Mark your calendar for the auction on June 24 - June 26, 2024, and step into a world of commercial real estate possibilities!
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
174 S Main St, Jellico, TN 37762
Investment highlights
- Attractive Value Add Opportunity - ±7,000 SF vacant commercial building with excellent local positioning
- Located on a hard, signalized corner exposed to over ±7,000 Vehicles Per Day (VPD) with strong retail synergy. Neighboring tenants include but are not limited to Family Dollar, O’Reilly’s Auto Parts, Dollar General, Save A Lot, Buck’s Hardware, Jellico Drugstore, Solid Grounds Coffee Shop, & more
- Attractive Investment Environment: Tennessee is an income tax free state providing an investor with higher after tax yields compared to opportunities offered out of state at a similar basis
- Family Dollar occupied this building from 1998 - 2023 and recently constructed a brand new, larger store adjacent to the property showing their long-term commitment to the market and projected growth in sales
- Opportunity for an investor to purchase the property at a low basis and rent out for returns that exceed that offered in the marketplace
Listing Contacts
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