Current Use by Public Records
- Bank of Bruceton / Bank / Loan Service
- ATM Bank Of Camden / Atm / Bank
Property Details for 30703 Broad St
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,500 square foot Family Dollar Tree retail building in Bruceton, Tennessee. Constructed in 2024, this single-story building sits on a 0.75-acre lot at 30703 Broad St, zip code 38317, and boasts a 10-year net lease (NN+) with a credit-rated, corporate-guaranteed tenant. The lease commenced July 1, 2024, and expires July 30, 2034, with four, five-year renewal options, each including a $5,250 rent increase ($0.50 per square foot). The property currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $130,725 and a 7.30% cap rate. The asking price is $1,790,753. The property benefits from a 20-year roof warranty. The location serves a 10-mile population of 16,259 residents with an average household income of $69,042. This is a rare opportunity to acquire a high-performing, low-risk retail investment with a strong tenant and significant upside potential through lease options. The combined Family Dollar and Dollar Tree store model demonstrates a 20% higher sales volume compared to single-branded stores. This investment offers a compelling combination of stability, growth potential, and a secure return.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bruceton
- County
- Carroll
- State
- Tennessee
- Longitude
- -88.2431
- Latitude
- 36.0383
