250 Taft Dr - Freestanding FOR SALE


Spencer, TN 38585
$1,690,000 USD
914-498-2225
250 Taft Dr, Spencer, TN for Sale
$1,690,000 USD
Freestanding - FOR SALE
1/5
null | 7.3% Cap Rate

250 Taft Dr
Spencer, TN 38585


HIGHLIGHTS

  • New 10-Year Lease | Corporate Guaranteed | Scheduled Rent Increases | Brand New Construction
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Located Along State Hwy 111 (5,500 VPD) | Excellent Visibility & Access | Van Buren County High School
  • Demographics in 10-mile Trade Area

OVERVIEW

• Tenant recently executed a brand-new 10-year lease with 5 (5-year) options to extend • Corporate guaranteed by Family Dollar Stores, Inc., a nationally recognized and established dollar store • Features $0.50 PSF/Year rental increases at the beginning of each option period, growing NOI and hedging against inflation • Brand new construction features a state-of-the-art design with high-quality materials • Located along State Hwy 111 which averages 5,500 vehicles passing by daily and is a major retail thoroughfare serving the town of Spencer

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-2

APN/PARCEL ID

088030B B 00100

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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