511 S Frazier St Troy, TN 38260

This property features a recently constructed, approximately 10,500-square-foot Family Dollar store, built in 2023 on an approximate 1.11-acre corner parcel in Troy, Tennessee. The corporate-guaranteed, 10-year NN lease extends through January 31, 2034, and includes four 5-year renewal options, each with a $0.50 per square foot rent increase. The property is located at the corner of Frazier St. and U.S. Hwy 51 (Jere B. Ford Memorial Hwy), with traffic counts on U.S. Hwy 51 near the property at 11,510 vehicles per day. Landlord responsibilities include roof, structure, capital repairs to parking lot and payment of property taxes and property insurance & liability insurance. Tenant responsibilities include all other maintenance, including HVAC, liability insurance and full reimbursement of Landlord’s property insurance premium and property taxes. Troy is located in the northwest corner of Tennessee, in Obion County, which is among the top five corn-producing counties in the state. The location is just over 26 miles north of Dyersburg, approximately 93 miles south of Cape Girardeau, MO, and approximately 108 miles northeast of Memphis. Within a 7-mile radius, the population is 6,638 with an average household income of $73,413. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Troy. The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms including over 7,500 stores in 49 states.