8171 Highway 19 E - Freestanding FOR SALE


Roan Mountain, TN 37687
$1,755,000 USD
914-498-2225
8171 Highway 19 E, Roan Mountain, TN for Sale
$1,755,000 USD
Freestanding - FOR SALE
1/6
null | 7.15% Cap Rate

8171 Highway 19 E
Roan Mountain, TN 37687


HIGHLIGHTS

  • New 10-Year Lease | Relocation Store | Corporate Guaranteed | Scheduled Rent Increases | Brand New Construction
  • U.S. Highway 19E (7,700 VPD) | Cloudland High School |Limited Competition | Excellent Visibility & Access
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities

OVERVIEW

• Tenant recently executed a brand-new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease is corporate signed by Family Dollar Stores, Inc., a nationally recognized and established dollar store • In 2015 leading operator of discount variety stores, Dollar Tree, Inc. acquired Family Dollar Store, Inc. creating a combined organization with sales exceeding$19 Billion annually and over 145,000 associates • The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation • Brand new construction featuring high quality materials, distinct design elements, and high level finishes

FOR SALE DETAILS

PRICE

$1,755,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Dollar Tree | New 10yr Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

General Commercial

APN/PARCEL ID

010093M A 01700

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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