605 W Market St - Freestanding FOR SALE


Bolivar, TN 38008
$1,400,000 USD
865-705-8675
605 W Market St, Bolivar, TN for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/11
null | 7.24% Cap Rate

605 W Market St
Bolivar, TN 38008


HIGHLIGHTS

  • Perfect 1031 in a Tax-Free state!
  • Rare absolute Net Lease – No landlord responsibilities
  • 8% Cap Rate on rents starting on 4/1/2026; 7.25% on current rent.
  • 5+ years remaining on current lease term. Tenant then has (6) 5-Year Optional Extension Terms, each with 10% increase.
  • Attractive relocation store in strong market built in 2015.

OVERVIEW

Perfect 1031 in a tax-free state! Ideal investment for an out-of-state investor. Rare absolute NNN Family Dollar Store with Corporate Guarantee. No landlord responsibilities. Five plus years remaining on the current 15-year lease with 8% Cap Rate on rent increase starting April 1, 2026. 7.25% cap on current rent. 10% Bumps April 2026 and every option. Attractive relocation store in strong market built in 2015. Tenant has (6) 5-Year Optional Extension Terms, each with increases. Ideal investment for an out-of-state investor. Bolivar is the county seat of Hardeman County, TN and is between Nashville and Memphis. Offers are to acknowledge that tenant has 10-day ROFR and should be submitted with proof of ability to close.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

B-1

APN/PARCEL ID

070P-N-009.00

ASK ABOUT THIS PROPERTY

Steve GoldmanGoldman Partners Realty, LLCMore Info
865-705-8675

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Steve GoldmanGoldman Partners Realty, LLCMore Info
865-705-8675

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