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Family Dollar, Bolivar, TN

Family Dollar

TN, United States

Price $1,573,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% after year 10 and every five (5) years thereafter
Year Built 2016
Building Size 8,320 sq. ft.
Lot Size 1.37 Acres (34,848 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Senior Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Senior Managing Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

BRAND NEW, 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENT INCREASES
» Corporate guaranteed lease by Family Dollar
» Scheduled rent increases of 10% after year 10 and every 5 (five) years thereafter
» Family Dollar is responsible for all taxes, insurance, and maintenance, providing a low-management investment
» Ideal investment for an out-of-state investor

RELOCATION SITE FOR STRONG NATIONAL TENANT
» Family Dollar has a long standing tenancy and established customer base in the immediate area
» Tenant has operated successfully in market for decades
» Family Dollar has a “BB” rating from Standard & Poor’s

BRAND NEW 2016 CONSTRUCTION
» Built to tenant’s specifications and features Family Dollar’s latest store concepts
» Brand new, high quality construction

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on West Market, Bolivar’s main thoroughfare, with an average daily traffic count of 16,180 in front of the property. The site is heavily surrounded by residential communities, which will be served by Family Dollar, Inc. Central High School, Bolivar Middle School, and Bolivar Elementary are all within a mile radius of the property. The site is located within Bolivar’s main shopping district, and is surrounded by nationally recognized tenants such as Pizza Hut, Burger King, KFC, and McDonald’s. The Tractor Supply Co. and Dollar Tree-anchored shopping center is less than a mile from the property, as are community-gathering places, such as the City of Bolivar Swimming Pool and City of Bolivar City Hall.

Contact Us About This Property

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