601 US Hwy 51 Hwy - Storefront FOR SALE
Troy, TN 38260 |
$1,620,000 USD
312-269-0220
601 US Hwy 51 Hwy
Troy, TN 38260
HIGHLIGHTS
- Build-to-Suit Family Dollar Tree Combo Store with over 9 years remaining on the initial 10-year lease with minimal landlord responsibilities
- Located in a middle-class area with over 4,201 residents and an average household income of $72,300 within a 5-mile radius of the site
- The lease is corporately guaranteed by Family Dollar; Investment grade credit (S&P: BBB)
- The lease provides an investor with a hedge against inflation with 4% rental increases every option period
- High quality 10,500 square foot single-tenant retail building that was completed in 2023
- Dollar Tree & Family Dollar combo stores have reported 20% higher sales volume than non-combo stores
FOR SALE DETAILS
PRICE
$1,620,000 USD
PRICE/SF
$154 USD /SF
CAP RATE
7.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
28.21 AC
LAND SF
1,228,868 SF
ZONING
CS
APN/PARCEL ID
093-065.00
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312-269-0220
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312-269-0220
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