Skip to main content

Discount

Family Dollar | NNN Lease | Huge Demographics

1510 Heiskell Ave, Knoxville, TN 37921

Listing Price: $1,903,514

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Absolute Net
Rent Per Square Feet
$16.02

Investment Overview

DOLLAR TREE
• DOLLAR TREE ACQUIRED FAMILY DOLLAR IN 2015

• DOLLAR TREE IS PUBLICLY TRADED ON NASDAQ

• INVESTMENT GRADE TENANT | BBB RATING ON STANDARD & POORS

• RANKED #137 ON FORTUNE 500 LIST

• 16,000+ STORES IN 48 STATES

• SALES OF $28.3 BILLION IN 2022

Investment Highlights

  • RARE ABSOLUTE NNN FAMILY DOLLAR LEASE
  • RENTAL INCREASES EVERY 3 YEARS
  • 5+ YEARS REMAINING ON CURRENT TERM
  • CORPORATE LEASE GUARANTY FROM FAMILY DOLLAR STORES, INC
  • JUST OFF INTERSTATE-275 | 60,735 VPD
  • OUTSTANDING DEMOGRAPHICS | 166,000+ 5-MILE POPULATION

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Discount

Family Dollar | NNN Lease | Huge Demographics

Listing Price: $1,903,514

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Absolute Net
Rent Per Square Feet
$16.02

Investment Highlights

  • RARE ABSOLUTE NNN FAMILY DOLLAR LEASE
  • RENTAL INCREASES EVERY 3 YEARS
  • 5+ YEARS REMAINING ON CURRENT TERM
  • CORPORATE LEASE GUARANTY FROM FAMILY DOLLAR STORES, INC
  • JUST OFF INTERSTATE-275 | 60,735 VPD
  • OUTSTANDING DEMOGRAPHICS | 166,000+ 5-MILE POPULATION

Investment Overview

DOLLAR TREE • DOLLAR TREE ACQUIRED FAMILY DOLLAR IN 2015 • DOLLAR TREE IS PUBLICLY TRADED ON NASDAQ • INVESTMENT GRADE TENANT | BBB RATING ON STANDARD & POORS • RANKED #137 ON FORTUNE 500 LIST • 16,000+ STORES IN 48 STATES • SALES OF $28.3 BILLION IN 2022

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

MM Texture Background
MM Textured Background Lower