Building Details

Tenancy Single

Listing Agency: Fortis Net Lease

Listed By: Kyle Carson · License #MI 6501384480

Source: Crexi

Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 12:01AM

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Investment Insights

Based on property information with market context.

This 8,320-square-foot Family Dollar store is subject to a Ten (10) Year NN+ Lease, limiting ongoing landlord responsibilities. The agreement includes Six (6), 5-Year renewal options, with a 5.00% rental rate increase attached to each option period.

The lease is corporately guaranteed by Family Dollar, a wholly owned subsidiary of Dollar Tree. Dollar Tree carries an investment-grade S&P credit rating of BBB-. The property is located at 228 Highway 57 W in Grand Junction, Tennessee 38039.

Key Highlights

• 8,320 SF Family Dollar store
• Ten (10) Year NN+ Lease
• Six (6), 5‑Year renewal options

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Dental Office Storage Facility Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Explore this area Business Placement

Demographics for 38039, TN

1,758

Population

756

Households

2.3

Avg Household Size

42

Median Age

10%

College-Educated

80%

High-School Grad

67.3 sq mi

ZIP Area

26

Density / Sq Mi

$44,063

Median Household Income

$36,174

Median Earnings

$824

Median Rent

$135,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Corporate-guaranteed retail property with an NN+ lease and multiple renewal options.

Where is this nnn property located?

The property is located at 228 Highway 57 W Grand Junction, TN.

What are key features of this property?

This property features: 8,320 SF Family Dollar store; Ten (10) Year NN+ Lease; Six (6), 5‑Year renewal options