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Family Dollar 13170 Highway 28 8,000 SF Retail Building Whitwell, TN 37397 $602,353 ($75.29/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Occupancy – Tenant has been at the site since 1999 showing a strong commitment to the site
- Multiple Options Remaining – Family Dollar has 3 options of 5 years each remaining
- Essential Retailer – Family Dollar is an essential retailer, offering everyday items, groceries, and household products at affordable prices.
- Replaceable Rent – Tenant is paying well below market rent at just $6.07/PSF
- Minimal Landlord Responsibilities – Landlord only responsible for major capital replacements
- Chattanooga MSA – ±20 miles from downtown Chattanooga, the fourth largest city in Tennessee
EXECUTIVE SUMMARY
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
1999
Price
$602,353
Price Per SF
$75.29
Cap Rate
8.50%
NOI
$51,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.81 AC
Frontage
123’ on Highway 28
PROPERTY TAXES
| Parcel Number | 050-013.02 | Improvements Assessment | $127,440 |
| Land Assessment | $29,880 | Total Assessment | $157,320 |
PROPERTY TAXES
Parcel Number
050-013.02
Land Assessment
$29,880
Improvements Assessment
$127,440
Total Assessment
$157,320
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Family Dollar | 13170 Highway 28
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