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Family Dollar Tree 2307 Billy Nance Blvd

10,500 SF Retail Building Clifton, TN 38425 $2,289,420 CAD ($218 CAD/SF) 7.50% Cap Rate

Investment Highlights

  • Brand new 2024 Family Dollar Tree with a new 10-year lease in place
  • NNN lease with landlord responsinbilites being only roof and structure
  • Located just across the street from Columbia State Community College: Just over 5,000 enrolled in most recent public figures, brings consistent traffi
  • Proven Market: Tertiary Markets for Family Dollar Tree combo stores, with comp sales that exceed 20%, providing higher gross profit
  • Average Household Income of $74,994 within a 5-mile radius; Ideal for the Combo Store demographics

Executive Summary

Franklin Street is pleased to present this Family Dollar Tree combo store in Clifton, Tennessee. Clifton is located in Wayne County in Southwestern Tennessee along the banks of the Tennessee River. The property is located on Billy Nance Boulevard, which serves as the major thoroughfare of Clifton and connects to neighboring town Clifton-Junction. Along Billy Nance Boulevard is the Clifton Highway Brudge, the only bridge that serves Clifton across the Tennessee River and the only bridge across the river until neighboring Savannah, 20 miles south. Clifton was originally developed as a river port, and the town still revolves around the river as a localized distribution hub and a tourist attraction. The TS Stribling Museum, dedicated to the famed American writer born and raised in Clifton, and Ross Creek Landing, a Jack Nicklaus signature golf course, serve as pillars for the tourism economy of Clifton. The property is located caddy corner to Columbia State Community College, which had just over 5,000 enrolled in its most recent public figures. Family Dollar Tree continues to roll out the combo store format into rural areas of the country to help fill immediate voids for local residents. The concept has over 1,200 stores open, with hundreds of markets identified for future sites. The combo store format is one that Dollar Tree, the parent company, plans to stay committed to for tertiary markets. This new construction Family Dollar Tree is on a newly executed 10-year NNN lease, with the only landlord responsibilities being to the roof and structure. Other retailers in the immediate vicinity include Dollar General, Wayne County Bank, and Marathon.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$2,289,420 CAD
Price Per SF
$218 CAD
Cap Rate
7.50%
NOI
$171,707 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.19 AC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar Tree
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar Tree Retailer 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 091050 02003
  • 050-020.01
  • 091050 02003
Land Assessment
$89,622 CAD
Improvements Assessment
$687,671 CAD
Total Assessment
$777,293 CAD
  • Listing ID: 32010913

  • Date on Market: 2024-06-04

  • Last Updated:

  • Address: 2307 Billy Nance Blvd, Clifton, TN 38425

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