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    2307 Billy Nance Hwy Clifton, TN 38425

    Sponsored
    For Sale
    $1,558,000

    High-performing Dollar Tree/Family Dollar combo

    Property size:
    10,500 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    330
    This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar and Dollar Tree combination store in Clifton, Tennessee. Built in 2024, the property boasts a strong 10-year NNN lease with a credit-rated corporate guarantor, ensuring consistent income. The lease commenced March 23, 2024, and expires March 31, 2034, offering a remaining term of 9.1 years. With a 100% occupancy rate and a Net Operating Income (NOI) of $120,750, this property offers a compelling 7.75% cap rate. The asking price is $1,558,000, translating to $148.38 per square foot. Situated on a 1.19-acre lot at 2307 Billy Nance Hwy, Clifton, TN 38425, this location benefits from its proximity to Columbia State Community College, driving consistent traffic. The property's success is further supported by the strong average household income of $74,994 within a 5-mile radius, aligning perfectly with the target demographics of this retail format. The lease includes four, five-year options with a $0.50 per square foot rent increase at each option renewal. Landlord responsibilities are limited to roof and structure maintenance. This is a turnkey investment in a proven market, capitalizing on the successful Dollar Tree/Family Dollar combo store model in tertiary markets. The property's strategic location and strong tenant ensure a stable and profitable investment for years to come.

    Property Features for 2307 Billy Nance Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    51,836 SF

    Building Details

    Year Built
    2024

    HighLights

    • $1,558,000 asking price for a 10,500 SF retail property.
    • Brand new 2024 construction, 100% occupied by a credit‑rated Dollar Tree/Family Dollar combo store with a corporate guarantee.
    • NNN lease with 9.1 years remaining, commencing March 23, 2024, and expiring March 31, 2034, including four 5‑year options with $0.50/SF rent increases.
    • Strong NOI of $120,750, yielding a 7.75% cap rate and $148.38/SF price.
    • Located on 1.19 acres in Clifton, TN, a tertiary market ideal for this store format, with high comp sales and strong demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Hotel & Motel Food Market Grocery Store Car Rental Wine and Liquor Store Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Wayne
    State
    Tennessee
    Longitude
    -87.9844445
    Latitude
    35.3750893

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    FAQs

    What type of property is this?
    Individual retail property - High-performing Dollar Tree/Family Dollar combo
    Where is this individual retail property located?
    The property is located at 2307 Billy Nance Hwy Clifton, TN.
    What is the asking price?
    The asking price for this property is $1,558,000.
    What are key features of this property?
    This property features: $1,558,000 asking price for a 10,500 SF retail property.; Brand new 2024 construction, 100% occupied by a credit-rated Dollar Tree/Family Dollar combo store with a corporate guarantee.; NNN lease with 9.1 years remaining, commencing March 23, 2024, and expiring March 31, 2034, including four 5-year options with $0.50/SF rent increases.
    Request Owner's contact information
    2307 Billy Nance Hwy Clifton, TN 38425
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2307 Billy Nance Hwy Clifton, TN 38425
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