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Family Dollar NN Investment | 8.1% Cap Rate 511 Frazier Street Local commercial 975 m² À vendre Troy, TN 38260 1 289 182 € (1 321,59 €/m²) Taux de capitalisation 8,10 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Recent Construction: ±10,500 SF Family Dollar built in 2023 and is situated on a ±1.11-acre corner parcel in Troy, Tennessee
- Corporate Guaranteed Lease with Recession Resilient Tenant: Family Dollar is a proven discount retailer as demonstrated during the pandemic
- 7-mile radius has an average household income of $73,413
- Lease Structure: 10-Year NN lease runs through January 31, 2034, and has four 5-year renewal options, each with a $0.50/SF rent increase
- Strategic Location: Troy, located in northwest Tennessee’s Obion County, has a population of 6,638 within a 7-mile radius
- It is just over 100 miles northeast of Memphis. Broker of Record: Michael Bull, CCIM - TN License #339898
Résumé analytique
This ±10,500 SF, Family Dollar built in 2023, is on a ±1.11-acre parcel at the corner of Frazier St. and U.S. Hwy 51 (Jere B. Ford Memorial Hwy) in Troy, Tennessee. Traffic counts on U.S. Hwy 51 near the property are 11,510 VPD.
The corporate guaranteed, 10-year NN lease runs through January 31, 2034, and has four 5-year renewal options, each with a $0.50/SF rent increase.
Landlord responsibilities include roof, structure, capital repairs to parking lot and payment of property taxes and property insurance & liability insurance. Tenant responsibilities include all other maintenance, including HVAC, liability insurance and full reimbursement of Landlord’s property insurance premium and property taxes.
Troy, a town in Obion County, is located in the northwest corner of Tennessee. Obion County is among the top five corn producing counties in the state. Troy is just over 26 miles north of Dyersburg, TN, approximately 93 miles south of Cape Girardeau, MO and approximately 108 miles northeast of Memphis. The population within a 7-mile radius is 6,638 with an average household income of $73,413.
The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms and who has over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Troy. They provide investors with a proven retail concept with a long-term track record. This property is priced at $1,471,300 with an 8.1% cap rate.
The corporate guaranteed, 10-year NN lease runs through January 31, 2034, and has four 5-year renewal options, each with a $0.50/SF rent increase.
Landlord responsibilities include roof, structure, capital repairs to parking lot and payment of property taxes and property insurance & liability insurance. Tenant responsibilities include all other maintenance, including HVAC, liability insurance and full reimbursement of Landlord’s property insurance premium and property taxes.
Troy, a town in Obion County, is located in the northwest corner of Tennessee. Obion County is among the top five corn producing counties in the state. Troy is just over 26 miles north of Dyersburg, TN, approximately 93 miles south of Cape Girardeau, MO and approximately 108 miles northeast of Memphis. The population within a 7-mile radius is 6,638 with an average household income of $73,413.
The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms and who has over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Troy. They provide investors with a proven retail concept with a long-term track record. This property is priced at $1,471,300 with an 8.1% cap rate.
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
975 m²
Classe d’immeuble
C
Année de construction
2023
Prix
1 289 182 €
Prix par m²
1 321,59 €
Taux de capitalisation
8,10 %
RNE
104 424 €
Occupation
Mono
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,22
Surface du lot
0,45 ha
Zone de développement économique [USA]
Oui
Stationnement
28 places (28,7 places par 1 000 m² loué)
Façade
64 m sur Frazier Street
Caractéristiques
- Accessible fauteuils roulants
- Espace d’entreposage
- Climatisation
Principaux occupants Cliquez ici pour accéder à
- Occupant
- Secteur d’activité
- m² Occupés
- Loyer/m²
- Fin du bail
-
- Enseigne
- -
- -
-
Jan 0000
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Occupant | Secteur d’activité | m² Occupés | Loyer/m² | Fin du bail | ||
|
|
Enseigne | - | - | Jan 0000 |
1 1
Plutôt praticable à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Assez praticable en vélo
20/100
Taxes foncières
| Numéro de parcelle | 093-065.00 | Évaluation des aménagements | 22 519 € |
| Évaluation du terrain | 14 392 € | Évaluation totale | 36 911 € |
Taxes foncières
Numéro de parcelle
093-065.00
Évaluation du terrain
14 392 €
Évaluation des aménagements
22 519 €
Évaluation totale
36 911 €
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Vidéos
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Visite 3D
Photos
Street view
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Carte
1 sur 1
Présenté par
Family Dollar NN Investment | 8.1% Cap Rate | 511 Frazier Street
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