Family Dollar - Dollar Tree 2050 US Highway 64 Hwy
7,644 SF Retail Building Whiteville, TN 38075 $1,793,556 ($235/SF) 6.75% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease - By Dollar Tree, Which Is Rated Bbb By Standard & Poor’s And Baa2 By Moody’s.
- Income Tax Free State.
- Long Term Lease With 10 Years Of Firm Term Remaining With 4 (5) Year Options.
- Rental Increases Every Option Period. See Lease Summary For Details.
- 2024 Build-To-Suit New Construction.
Executive Summary
Helios Investment Services 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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,644 SF
Building Class
B
Year Built
2024
Price
$1,793,556
Price Per SF
$235
Cap Rate
6.75%
NOI
$121,065
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 046-054.03 | Improvements Assessment | $128,560 |
Land Assessment | $8,040 | Total Assessment | $136,600 |