Listed by Matthews
$1,312,941
Dark Family Dollar
Details
Property Type Retail
Square Footage 8,320
Cap Rate 8.50%
NOI $111,573
Tenancy Single
Lease Expiration 03/31/2031
Remaining Term 5
Price per SqFt $158
Year Built 2015
Acreage 0.830
Lease Commencement 12/04/2015
Ground Lease No
Absolute NNN Dark Family Dollar – Corporate Lease, 8.5% Cap, ±5 Years Remaining
Investment highlights
- Strategic Retail Corridor Location: Positioned along West Market Street (US-64), Bolivar’s primary commercial artery, the property benefits from proximity to established traffic generators, including Burger King, Walmart Supercenter, and AutoZone.
- Corporate Lease Guaranty: The lease is backed by Family Dollar, supporting contractual rental income for the remaining five years of the lease term.
- Potential Lease Buyout Opportunity: With the tenant no longer operating at the site but continuing to pay rent, investors may have the opportunity to pursue a negotiated lump-sum lease buyout.
- Absolute NNN Lease Structure: The lease provides for no landlord responsibilities related to roof, structure, taxes, or maintenance during the remaining term.
- Below Replacement Cost Basis: The 2015-built, 8,000+ SF retail shell offers investors, tenants, or owner-users a cost-efficient alternative to ground-up construction in today’s elevated cost environment.
- Tennessee Tax Advantage: Located in an income tax-free state, the asset may appeal to out-of-state and 1031 exchange investors seeking Sunbelt retail real estate exposure.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,573.00
$9,297.75/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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