2307 Billy Nance Blvd Clifton, TN 38425

Property Details for 2307 Billy Nance Blvd

Year built

2024

Lot size

1.19 lot acres

Property size

10,500 SF

Property type

Grocery and convenience stores

Description

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.