Listed by Matthews
$1,500,000
Dollar Tree | 8.00% Cap Rate | TN | 2014 Construction
Details
APN 100I D 02101
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,000
Cap Rate 8%
NOI $120,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN+
Lease Term 5
Lease Expiration 01/31/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options (2) 5-yr Options
Price per SqFt $150
Year Built 2014
Acreage 1.350
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2025
Ground Lease No
Ownership Fee Simple
3.8 Yrs Left On Lease | All-Brick Construction | Rent $12 PSF
Marketing description
Dollar Tree | 1321 S Highland Ave, Jackson, TN 38301
Investment highlights
- Corporately Guaranteed Lease - Investment Grade Credit Rating
- Dollar Tree was deemed an "essential retailer" during the COVID-19 Pandemic
- Durable All Brick Construction
- Average household income within a 5-mile radius is estimated at $53,699
- High Traffic Counts - Traffic counts on S Highland Avenue exceed 35,000 VPD
- Strong Tenant Commitment to the Location -- Dollar Tree has operated here since 2014 -- They just extended for an additional 5 years
- Familiar Net Lease Tenants within two miles of the store include: Lowe's Home Improvement, Walmart, Pizza Hut, T-Mobile, Arby's, McDonald's, Advance Auto Parts, Dollar General, Taco Bell, Long John's Silver, Sonic, Dunkin, Zaxby's, Walgreens, Subway, O'Reilly Auto Parts, Burger King, & Popeyes
- Estimated population within a 5-mile radius is 35,000 residents and 85,000 residents within a 10-mile radius
- Tennessee is One of Nine states with no state income tax
- This is the only standalone Dollar Tree operating in Jackson, TN -- Ranks in the top 58th percentile for Dollar Trees nationwide in terms of foot traffic
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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