180 Keith St SW | Cleveland, TN 37311
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180 Keith St SW
Cleveland, TN 37311
Dollar Tree · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A newly renovated single-tenant Dollar Tree located in the growing city of Cleveland with a 10- year transferable roof membrane warranty
- Dollar Tree invested ~$500,000 to renovate the property to their specifications
- 10,687 SF of gross leasable area, which is larger than the typical 9,000 SF - 10,000 SF discount store floor “plan”
- Passive corporate lease with minimal Landlord responsibilities, Tenant is responsible for the HVAC (see page 7 for Lease Abstract)
- Below Market Rent: Dollar Tree’s Lease features $13/SF, significantly below the former pharmacy’s rent. Costar estimates market rent as $17.24/ SF.
- The Tenant, Dollar Tree Stores, Inc, is a subsidiary of publicly-traded Dollar Tree, Inc (Nasdaq: DT | S&P: BBB) and a Fortune 200 company with FY2022
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,687 SF
Building Class
B
Year Built/Renovated
1997/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.56 AC
Zoning
CH
Parking
62 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 049N-B-011.01 | Improvements Assessment | $367,160 |
| Land Assessment | $234,800 | Total Assessment | $601,960 |
PROPERTY TAXES
Parcel Number
049N-B-011.01
Land Assessment
$234,800
Improvements Assessment
$367,160
Total Assessment
$601,960
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