Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2307 Billy Nance Hwy Clifton, TN 38425

    • Retail properties
    • 10,500 SF
    • 1.19 lot acres
    For Sale
    View listing
    $1,558,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2307 Billy Nance Hwy

    Year built
    2024
    Lot size
    1.19 lot acres
    Property size
    10,500 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar and Dollar Tree combination store in Clifton, Tennessee. Built in 2024, the property boasts a strong 10-year NNN lease with a credit-rated corporate guarantor, ensuring consistent income. The lease commenced March 23, 2024, and expires March 31, 2034, offering a remaining term of 9.1 years. With a 100% occupancy rate and a Net Operating Income (NOI) of $120,750, this property offers a compelling 7.75% cap rate. The asking price is $1,558,000, translating to $148.38 per square foot. Situated on a 1.19-acre lot at 2307 Billy Nance Hwy, Clifton, TN 38425, this location benefits from its proximity to Columbia State Community College, driving consistent traffic. The property's success is further supported by the strong average household income of $74,994 within a 5-mile radius, aligning perfectly with the target demographics of this retail format. The lease includes four, five-year options with a $0.50 per square foot rent increase at each option renewal. Landlord responsibilities are limited to roof and structure maintenance. This is a turnkey investment in a proven market, capitalizing on the successful Dollar Tree/Family Dollar combo store model in tertiary markets. The property's strategic location and strong tenant ensure a stable and profitable investment for years to come.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Wayne
    State
    Tennessee
    Longitude
    -87.9844
    Latitude
    35.3751

    Comparable in this City

    • Value Estimation by Request
      10,500 SF

      2307 Billy Nance Blvd

      Individual retail properties • 10,500 SF
      2307 Billy Nance Blvd, Clifton, TN 38425
      View Details
    • Value Estimation
      $605,000
      4,750 SF

      2301 Billy Nance Blvd

      GROCERY, SUPERMARKET • 4,750 SF
      2301 Billy Nance Blvd, Clifton, TN 38425-5343
      View Details
    • Value Estimation by Request
      2,750 SF

      304 Main St

      GROCERY, SUPERMARKET • 2,750 SF
      304 Main St, Clifton, TN 38425
      View Details
    • Value Estimation by Request
      2,389 SF

      505 Main St

      GROCERY, SUPERMARKET • 2,389 SF
      505 Main St, Clifton, TN 38425-5553
      View Details
    • Value Estimation by Request
      2,420 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,420 SF
      Main St, Clifton, TN 38425
      View Details
    • Value Estimation by Request
      6,000 SF

      266 Forrest Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      266 Forrest Ave, Clifton, TN 38425
      View Details

    Similar Nearby for Sale

    • $1,558,000
      10,500 SF

      Clifton, TN Retail Investment

      High-performing Dollar Tree/Family Dollar combo
      2307 Billy Nance Hwy, Clifton, TN 38425
      View Details
    • $49,900

      Clifton Land: Prime Development Site

      21,780 SF Commercial/Residential Lot
      0 Main St, Clifton, TN 38425
      View Details
    • $79,500

      Riverfront Lot Ready for Camper

      Riverfront lot with utilities in Clifton, Tennessee. Ready for camper.
      2857 Hardin Btm Riv Rd, Clifton, TN 38425
      View Details
    • $100,000
      1.01 Acres

      Tennessee Riverfront Land Opportunity

      Two riverfront lots totaling an acre on the Tennessee River.
      1545 1551 Hardin Btm Riv Rd, Clifton, TN 38425
      View Details
    • $349,000
      51.80 Acres

      Clifton TN Hunter's Dream Land

      Unrestricted 52+/- acre property near Clifton, TN with utilities.
      000 Linden Hwy, Clifton, TN 38425
      View Details
    • $94,795

      Riverfront Land: Clifton, TN

      Prime Tennessee Riverfront Lot, $94,795
      992 Riv Front Dr, Clifton, TN 38425
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2307 Billy Nance Hwy
    Clifton, TN 38425
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.