Corner Retail Store with Long-Term
For Sale
$1,523,100
250 Taft Dr, Spencer, TN 38585
Newly built corner Family Dollar store on 1.25 acres at the State Road 111 and Taft Drive intersection.
Property Size10,500 SF
Lot Size1.25 Acres
Price / SF$145.06
Days on Market141
Property Features for 250 Taft Dr
General Information
Standard status
Active
Size
10,500 SF
Class
C
Lot size
1.25 Acres
Property subtype
Retail - Freestanding
Additional Details
Cap Rate
8.1%
Building Details
Building Size
10,500 SF
Year Built
2023
Tenancy
Single
Listing Agency:
Bull Realty
Listed By:
Nancy Miller, CCIM, MBA · License #126108
Source:
Commercialcafe
Added: Apr 21
Changed: Aug 16
Last Checked: Sep 7 at 5:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
This corner retail store was built in 2023 and is currently occupied by Family Dollar. The property includes a large 10,500 SF retail building situated on 1.25 acres, with frontage at the intersection of four-lane State Road 111 and Taft Drive.
The site is directly across from the Van Buren County Administrative Offices in Spencer, Tennessee. A 10-year NN+ lease runs through July 31, 2033 and includes five 5-year renewal options. Landlord responsibilities are limited, while tenant responsibilities include all maintenance, including HVAC, along with liability insurance and full reimbursement of property insurance premiums and property taxes to the landlord. The lease is guaranteed by Family Dollar, which operates over 7,500 stores across 49 states.
The site is directly across from the Van Buren County Administrative Offices in Spencer, Tennessee. A 10-year NN+ lease runs through July 31, 2033 and includes five 5-year renewal options. Landlord responsibilities are limited, while tenant responsibilities include all maintenance, including HVAC, along with liability insurance and full reimbursement of property insurance premiums and property taxes to the landlord. The lease is guaranteed by Family Dollar, which operates over 7,500 stores across 49 states.
Key Highlights
- Newly built in 2023: large ±10,500 SF Family Dollar store on a corner site at State Road 111 and Taft Drive
- ±1.25‑acre lot with frontage at the intersection of four‑lane State Road 111 and Taft Drive
- 10‑year NN+ lease through July 31, 2033 with five 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 38585, TN
4,276
Population
1,962
Households
2.2
Avg Household Size
45
Median Age
12%
College-Educated
80%
High-School Grad
185.0 sq mi
ZIP Area
23
Density / Sq Mi
$51,458
Median Household Income
$35,563
Median Earnings
$705
Median Rent
$137,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newly built corner Family Dollar store on 1.25 acres at the State Road 111 and Taft Drive intersection.
Where is this retail space located?
The property is located at 250 Taft Dr Spencer, TN.
What is the asking price?
The asking price for this property is $1,523,100.
What are key features of this property?
This property features: Newly built in 2023: large ±10,500 SF Family Dollar store on a corner site at State Road 111 and Taft Drive; ±1.25‑acre lot with frontage at the intersection of four‑lane State Road 111 and Taft Drive; 10‑year NN+ lease through July 31, 2033 with five 5‑year renewal options
