Family Dollar
Family Dollar | New Construction | 7.60% CAP | 10,500 SF
Marketing description
AiCRE Partners Is Pleased To Present Exclusively For Sale The 10,500 Sf Single Tenant, Free Standing Building Leased To Family Dollar Stores Of Tennessee, LLC At 2068 Highway 64 In Whiteville, TN.
This Deal Includes A 10 Year Primary Term (Approximately 10 Years Remaining) Double Net (NN) Lease With Minimal Landlord Responsibilities, A Corporate Guarantee, And Rental Increases At The Beginning Of Every Option, Providing For A Secure Investment.
Investment highlights
» Corporate Guaranteed Lease - By Dollar Tree, Which Is Rated Bbb By Standard & Poor’s And Baa2 By Moody’s.
» Rental Increases Every Option Period. See Lease Summary For Details.
» Income Tax Free State.
» 2024 Build-To-Suit New Construction.
» Long Term Lease With 10 Years Of Firm Term Remaining With 4 (5) Year Options.
» Healthy Rental Increases At The Start Of Every Option Period.
» Neighboring Tenants Include: Dollar General, Exxon, Cb&S Bank, Fastimes Grocer, And More.
» Consumers Within A 5-Mile Radius Spend More Than $4 Million On Hobbies, Personal Items, And Entertainment.
» Well Positioned, Superior Visibility In Front Of Dollar General (Dg) Off Of Hwy 64.
» Compared To Other Family Dollar Stores Located In Small Markets, These Combination Stores Are Delivering A Same-Store Sales Lift Of
Greater Than 20% On Average.
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