224 Main St - Freestanding FOR SALE


Lobelville, TN 37097
$1,610,000 USD
404-832-1251
224 Main St, Lobelville, TN for Sale
$1,610,000 USD
Freestanding - FOR SALE
1/3
null | 7.5% Cap Rate

224 Main St
Lobelville, TN 37097


HIGHLIGHTS

  • Brand new Family Dollar Tree with a new 10-year lease in place
  • Proven market: Tertiary markets are target markets for the Family Dollar Tree combo stores with comp sales that exceed 20% profit margins
  • NNN lease with minimum landlord responsibilities; Only responsible for roof and structure
  • Average Household Income of $83,223 within a 5-mile radius; Ideal demographics for the Family Dollar Tree model
  • Dollar Tree acquired Family Dollar in 2015; Allowed for the inception of the dollar store model to be able to better compete with Dollar Generals in t
  • Limited competition: Dollar General and Piggly Wiggly Xpress the only other discount store options in the immediate vicinity

OVERVIEW

Franklin Street is pleased to present this Family Dollar Tree combo store in Lobelville, Tennessee. Lobelville is situated in Perry County in western Tennessee along the Buffalo River, a tributary of the Tennessee River. The property is located on North Main Street, a North-South thoroughfare that goes right through historic downtown Lobelville and connects the town to I-40, less than 10 miles from the property. The town was originally founded as a trading post on the Buffalo River by French Trader Henri de Lobel. Lobelville serves as a crucial transfer point for the Tennessee Gas Pipeline Company, with the operator serving as the oldest continuously operating business in town, dating back to 1943. Family Dollar Tree sits on the main retail corridor of Lobelville and is less than a mile from the town's elementary school. One of the few national tenants in the area, Family Dollar Tree fills several needs for local residents and fits the bill of the tertiary markets that the combo store concept targets. The combo stores have 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 rural tertiary markets. This new construction Family Dollar Store is on a newly executed NNN lease, with the landlord only responsible for the roof and structure. Other retailers the immediate area include Dollar General, the US Postal Office, Lobelville Liquor and Wine, Bold Wine Coffee Bar, Piggly Wiggly Xpress, and Marathon Gas.

FOR SALE DETAILS

PRICE

$1,610,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

GC

APN/PARCEL ID

019G-A-003.02

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bryan BelkFranklin Street Real Estate ServicesMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.