11464 Scott Hwy - Freestanding FOR SALE


Helenwood, TN 37755
$1,943,284 USD
678-613-7327
11464 Scott Hwy, Helenwood, TN for Sale
$1,943,284 USD
Freestanding - FOR SALE
1/4
null | 6.7% Cap Rate

11464 Scott Hwy
Helenwood, TN 37755


HIGHLIGHTS

  • Recent Construction: ±10,500 SF Family Dollar built in 2023 in Helenwood, TN approximately 57 miles NW of Knoxville.
  • Lease Structure: 10-Year NN lease, with limited landlord responsibilities, runs through February 28, 2034, and has four 5-year renewal options.
  • Corporate Guaranteed Lease with Recession Resilient Tenant: Family Dollar is a proven discount retailer as demonstrated during the pandemic.
  • Strategic Location: Positioned just south of Baker Hwy & U.S. Hwy 27 (±12,800 VPD) near major employers & educational institutions.
  • Bull Realty Tennessee License #: 259046

OVERVIEW

This recently constructed ±10,500 SF Family Dollar store, built in 2023, is situated on a ±1.31-AC parcel on U.S. Hwy 27 with over 12,800 VPD in Helenwood, TN. The population within a 10-mile radius is almost 20,000 with an average household income of $58,267, making this an ideal target market for the Family Dollar concept. Helenwood, located in Scott County, is about 57 miles northwest of Knoxville. Within two miles of Family Dollar are several area employers including Great Dane (flatbed trailer manufacturer), Tennier Industries, Armstrong Flooring, Tennessee College of Applied Technology, and Scott High School. The 10-year NN lease runs through February of 2034 with four 5-year renewal options. Landlord responsibilities include to primarily roof, structure and capital repairs to parking lot. The tenant fully reimburses the landlord for property taxes and insurance. The tenant is also responsible for all other maintenance, grounds care and HVAC. The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms. This includes over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Helenwood. They provide investors with a proven retail concept with a long-term track record. This is priced at $1,943,283.58 or a 6.7% cap rate.

FOR SALE DETAILS

PRICE

$1,943,284 USD

PRICE/SF

$185 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar NN Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

085L A 028.02,085L-A-028.00

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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