601 US Hwy 51 Hwy | Troy, TN 38260
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- LoopNet Team
601 US Hwy 51 Hwy
Troy, TN 38260
Retail Property For Sale
Investment Highlights
- Build-to-Suit Family Dollar Tree Combo Store with over 9 years remaining on the initial 10-year lease with minimal landlord responsibilities
- The lease is corporately guaranteed by Family Dollar; Investment grade credit (S&P: BBB)
- High quality 10,500 square foot single-tenant retail building that was completed in 2023
- Located in a middle-class area with over 4,201 residents and an average household income of $72,300 within a 5-mile radius of the site
- The lease provides an investor with a hedge against inflation with 4% rental increases every option period
- Dollar Tree & Family Dollar combo stores have reported 20% higher sales volume than non-combo stores
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
28.21 AC
Zoning
CS - Commercial Services Zoning
Parking
28 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
210 FT on Frazier Street
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
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