Individually Owned 
For Sale
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Property summary
This exceptional investment opportunity presents a brand-new, 10,500 square foot retail storefront in Spencer, Tennessee, occupied by a Dollar Tree and Family Dollar combo store. The property boasts a fee simple ownership structure with a new 10-year net lease, commencing April 17, 2023, and featuring a corporate guarantee for added security. The lease includes scheduled rent bumps of $0.50 per square foot annually at the beginning of each five-year option period, providing consistent income… growth. The property's strong financial performance is reflected in a 7.30% cap rate and a net operating income (NOI) of $123,375. Located on 1.25 acres at 250 Taft Dr, Spencer, TN 38585, this strategically positioned property benefits from high visibility along State Highway 111, experiencing 5,500 vehicles per day. The ample parking (2.57 spaces per 1,000 sq ft) caters to customer convenience. The building, constructed in 2023, is zoned C-2 and features a single unit. The property's location near Van Buren County High School contributes to a strong local demographic. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential. The asking price is $1,690,000, translating to $160.95 per square foot. Five (5-year) lease options further enhance the long-term value and security of this investment. The property's APN is 088030B B 00100.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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