x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Family Dollar, Celina, TN

Family Dollar

TN, United States

Price $1,541,500
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% after year 10 and every 5 years thereafter
Year Built 2016
Building Size 8,320 sq. ft.
Lot Size 0.80 Acres (34,848 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

BRAND NEW, 15-YEAR, ABSOLUTE NNN LEASE
» Corporate guaranteed lease by Family Dollar Stores, Inc.
» Scheduled rental increases of 10% after year 10 and every 5 years thereafter, providing a hedge against inflation
» Absolute NNN lease provides a low-management investment opportunity, ideal for an out-of-state investor

RELOCATION SITE FOR STRONG NATIONAL TENANT
» Family Dollar has an established customer base in the area and is relocating from another Celina site where they did business for years
» Family Dollar and its parent company, Dollar Tree, have over 13,000 locations in the U.S. and Canada
» Annual sales of over $18 billion

2016 CONSTRUCTION
» Brand new construction and built to tenant’s exact specifications
» Features the latest Family Dollar brand’s design and store concepts
» Brand new building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the intersection of Brown Street and East Lake Avenue, two of Celina’s major thoroughfares. Strong regional and national tenants like Dutch Craft Mattress Company, Dairy Queen, NAPA Auto Parts, and Save- A-Lot are located within a mile of the property. Also within a mile radius are Cumberland River Hospital, Celina K-8 School, Celina High School, and Clay County High School. The site is surrounded by residential communities, creating a strong customer base for Family Dollar. The property also benefits from its close proximity to Dale Hollow Lake, just 3 miles away, which is a major draw for outdoor tourism in the area.

Contact Us About This Property

Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link