Investors seeking an easy, newly constructed dollar store should be pleased to consider this Bruceton, TN Family Dollar. Smaller towns like Bruceton have limited grocery and consumer shopping options that local populations depend on.
Bruceton is located in Carroll County, which has a population of over 29,000, and is situated midway between Memphis and Nashville. Other similar municipalities make up the remainder of this area, which is known for its weather and many outdoor recreational options. Some of the largest employers in the Carroll County area include Bethel University, Republic Doors & Frames, Baptist Memorial Hospital, and Walmart. The 10-mile population exceeds 16,000.
Built in 2024, this ±10,500 SF store offers ease of ownership with minimal landlord responsibilities. Annual rent is $130,725, representing an 8.1% cap rate. This NN lease has 8+ years remaining on the original 10-year term, with four 5-year renewal options and rent increases.
The lease is corporately guaranteed by Family Dollar, now owned by private equity firms Brigade Capital Management and Macellum Capital Management, which also own several discount retailers such as Kohl’s, Big Lots, Bed Bath & Beyond, and others.