Current Use by Public Records
- Retail properties & Spaces
Property Details for 2068 Us-64
- Year built
- 2024
- Lot size
- 1.12 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,500-square-foot, free-standing retail building in Whiteville, Tennessee, currently leased to Dollar Tree. Built in 2024, this property boasts a 10-year net lease with a corporate guarantee from Dollar Tree, a company rated BBB by S&P and Baa2 by Moody's. The lease includes four 5-year renewal options, each with built-in rental increases, ensuring consistent income growth. Located at 2068 US-64, this property benefits from high visibility and proximity to other major retailers, including Dollar General, Exxon, and CB&S Bank. The 1.12-acre lot provides ample space, and the building's modern construction ensures minimal landlord responsibilities. With a current NOI of $121,065 and a 6.75% cap rate, this offering presents a compelling investment opportunity in a tax-free state. The asking price is $1,793,556, translating to $170.81 per square foot. Market analysis indicates that similar combination Dollar Tree/Family Dollar stores in smaller markets are experiencing same-store sales increases exceeding 20%. This property offers a secure, long-term investment with significant upside potential. The property is situated in a thriving retail corridor, with consumers in the surrounding 5-mile radius spending over $4 million annually on personal items and entertainment.
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
- Whiteville
- County
- Hardeman
- State
- Tennessee
- Longitude
- -89.1532
- Latitude
- 35.3181
