250 Taft Dr Spencer, TN 38585
Sponsored
Dollar Tree/Family Dollar, 10-year lease.
Property size:
10,500 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 250 Taft Dr
General Information
- Property type
- Individual retail properties
- Square Feet
- 10,500 SF
- Lot Size
- 54,450 SF
Building Details
- Year Built
- 2023
- Buildings
- 1
- Units
- 1
HighLights
- $1,690,000 asking price for a 10,500 square foot retail storefront in Spencer, TN.
- Net lease with a corporate guaranteed tenant (Dollar Tree/Family Dollar) offering a 7.30% cap rate and $123,375 annual NOI.
- New construction (2023) with a 10‑year lease commencing April 17, 2023, including five 5‑year options with $0.50 per square foot annual rent increases.
- Fee simple ownership with limited landlord responsibilities; located on 1.25 acres with 2.57 parking spaces per 1,000 square feet.
- Property is zoned C‑2 and situated along State Hwy 111, offering high visibility and accessibility.
Property Profile
Location Intelligence
Current Use by Public Records
Family Dollar
Dollar Store
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Van Buren
- State
- Tennessee
- Longitude
- -85.4575917
- Latitude
- 35.7503779
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Dollar Tree/Family Dollar, 10-year lease.
Where is this individual retail property located?
The property is located at 250 Taft Dr Spencer, TN.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: $1,690,000 asking price for a 10,500 square foot retail storefront in Spencer, TN.; Net lease with a corporate guaranteed tenant (Dollar Tree/Family Dollar) offering a 7.30% cap rate and $123,375 annual NOI.; New construction (2023) with a 10-year lease commencing April 17, 2023, including five 5-year options with $0.50 per square foot annual rent increases.
