Family Dollar Tree
4500 S Grundy Quarles Hwy, Bloomington Springs, TN 38545
Jackson County
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 Nashville and Knoxville
***This Property has common ownership with J.P. King.***
Financial Summary
Price:$1,558,941
Cap Rate: 8.5%
Building Size:10,500 SF
Net Cash Flow:$132,510
Year Build/Renovated: Under Construction
Lot Size:1.06Acres
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar/Dollar Tree
Guarantor: Family Dollar Stores of Tennessee, LLC
Roof & Structure: Landlord Responsible
Lease Commencement Date: January 2, 2024
Lease Expiration Date: January 3, 2034
Lease Term: 10 Years
Rental Increases:$.50psf Every 5 Years Beginning in Options
Renewal Options: 5, 5 Year Options
Right of First Refusal: None
Annualized Operating Data
Lease Years - 1/2/2024-1/3/2034
Annual Rent - $132,510.00
Cap Rate - 8.5%
Base Rent - $132,510
Net Operating Income - $132,510
Total Return - $132,510