Family Dollar Tree
2890 Highway 66 S, Rogersville, TN 37857
Hawkins County, TN
1) large concrete parking lot with virtually zero maintenance
2) Dollar Tree (NASDAQ; DLTR) is a $26.32B revenue company with an investment grade (S&P: BBB) credit rating
3) Centrally located between Knoxville and Kingsport
***This Property has common ownership with J.P. King.***
Financial Summary
Price:$1,593,165
Cap Rate:8.5%
Building Size:10,500 SF
Net Cash Flow:$135,419.00
Year Build/Renovated: 2024
Lot Size:2.05 Acres
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar/Dollar Tree
Guarantor: Family Dollar Stores of Tennessee, LLC
Roof & Structure: Landlord Responsible
Lease Commencement Date: April 1, 2024
Lease Expiration Date: April 2, 2034
Lease Term: 10
Years Rental Increases: $.50psf Every 5 Years Beginning in Options
Renewal Options: 5, 5 Year Options
Right of First Refusal: None
Annualized Operating Data
Lease Years: 4/1/2024-4/2/2034
Annual Rent: $135,419.00
Cap Rate: 8.5%
Base Rent - $135,419
Net Operating - $135,419
Income Total Return - $135,419