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Property profile & analytics
FOR SALE
Grocery and convenience stores

2307 Billy Nance Blvd Clifton, TN 38425

10,500 SF 1.19 ac lot Built 2024
Entity Owned 3-yr Hold
Property ID
US80-2260878
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar and Dollar Tree combo store in Clifton, Tennessee. Built in 2024, the property boasts a strong 10-year NNN lease with a 7.50% cap rate and a substantial NOI of $120,750. The lease commenced March 23, 2024, and includes four, five-year renewal options with $0.50 per square foot rent increases. Located on a 1.19-acre lot at 2307 Billy Nance Blvd, this strategically positioned property benefits from its proximity to Columbia State Community College, driving consistent traffic. The average household income within a 5-mile radius is $74,994, aligning perfectly with the target demographic for this retail format. The property's asking price is $1,610,000, representing a price per square foot of $153.33. This is a rare opportunity to acquire a high-performing, newly constructed retail asset in a growing market with a proven tenant and a long-term lease. The landlord's responsibilities are limited to roof and structure maintenance, minimizing operational burdens. The property's location on a major thoroughfare in Clifton, a town with a strong local economy and tourism sector, further enhances its investment appeal. This is a turnkey investment with significant upside potential.

Property profile
Verified
Property type Grocery and convenience stores
Year built 2024
Total area 10,500 SF
Lot 1.19 ac (51,836 SF)
UPID US80-2260878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Rfm Clifton LLC · 3 yrs held
Rfm Clifton LLC
since 2023
1 recorded transaction
2023
$135,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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