Corner Retail Store with Long-Term
250 Taft Dr Spencer, TN 38585
250 Taft Dr, Spencer, TN, 38585
$1,523,100
For Sale
$1,523,100
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 Market94
Property Features for 250 Taft Dr
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Lot size
- 1.25 Acres
- Property subtype
- Retail - Freestanding
Building Details
- Year Built
- 2023
Listing agency
Bull Realty
Listed by
Nancy Miller, CCIM, MBA · License #126108
Source
Commercialcafe
Added: Apr 21 Updated: Jul 23 at 12:11AM Checked: Jul 23 at 4:53AM
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
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar For Sale Nearby
FAQs
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
