511 S Frazier St Troy, TN 38260
Recently built Family Dollar on a corner lot in Troy.
Building Details
- Year built
- 2023
Source:
Tcnworldwide
Listing Agent: Nancy Miller, Ccim, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Family Dollar Store For Sale
This property features a recently constructed, approximately 10,500-square-foot Family Dollar store, built in 2023. It is situated on an approximately 1.11-acre corner parcel at the intersection of Frazier Street and U.S. Highway 51 in Troy, Tennessee. The location benefits from traffic counts of 11,510 vehicles per day on U.S. Highway 51 near the property. The property is subject to a 10-year NN lease that runs through January 31, 2034, and includes four 5-year renewal options, each with a $0.50/SF rent increase. The lease is corporate guaranteed. Troy, located in northwest Tennessee’s Obion County, has a population of 6,638 within a 7-mile radius and an average household income of $73,413. It is just over 100 miles northeast of Memphis.
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar Places Nearby
EW James & Sons, Dollar General
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Obion
- State
- Tennessee
- Longitude
- -89.162125
- Latitude
- 36.335033
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Recently built Family Dollar on a corner lot in Troy.
Where is this grocery and convenience store located?
The property is located at 511 S Frazier St Troy, TN.
What is the asking price?
The asking price for this property is $1,471,300.
What are key features of this property?
This property features: - New Construction: Built in 2023; - Long-Term Lease: **10-year NN lease in place until January 31, 2034**; - Corporate Guarantee: Lease is backed by Family Dollar
