Family Dollar | Dollar Tree

8171 U.S. 19E, Roan Mountain, TN 37687

$1,755,000

Cap Rate 7.15%

Views: 175 DOM: 273 Updated: 10.16.24 Posted: 02.22.24 Status: Active

Summary

Price $1,755,000	Built/Renov 2024	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.15%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 11-01-2024	#Units 1,200
Price/SF $167.14	Expiration 10-31-2034	Tenant Type Dollar/Discount
NOI $125,475	R. Term 9.11	Ownership Fee Simple
Rent/SF $11.95	Increases 0.0%/10/yrs	Pop 5Mi 4,173
Lot/AC 1.24	Options 4/5yrs	AHHI 5Mi $68,396

Patrick Nutt

SRS National Net Lease Group

Contact

Lease Highlights

Brand-new 2024 construction
Brand-new 10-year lease with 4 (5-year) options to extend
The lease features $0.50/PSF rental escalations at the start of each option period
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree is strategically located on US-19E, with access to 7,700 vehicles passing by daily. The property's close proximity to Cloudland High School, serving 249 students, provides a direct consumer base. This prime location is further enhanced by the limited competition, as there is only one other discount store serving the immediate trade area. Additionally, the property...

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Key Features

New construction
Build to suit
Near major nationals
Strategically located
Highway location
Income tax free state
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Wikipedia Family Dollar Wikipedia Roan Mountain, Tennessee Zip Code 37687 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	State Hwy143	2022	7,736	0.15 mi
	Smith Branch Rd	2022	2,792	1.10 mi
Hampton Creek Road	Partridge Ln	2022	522	1.17 mi
US Hwy 19E	Jess Mosley Rd	2003	7,980	1.26 mi
State Hwy 143	Gibbs Rd	2003	2,520	1.37 mi
Roan Road	State PkCabin Rd	2022	1,470	2.14 mi
Roan Rd	Restaurant Rd	2003	1,700	2.67 mi
ROARING CREEK RD.	Lakeside Dr	2021	120	2.96 mi
Roaring Creek Road	Lakeside Dr	2022	108	2.96 mi

Listing Broker

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