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Family Dollar 605 W Market St 8,344 SF Retail Building Bolivar, TN 38008 $1,400,000 ($167.79/SF) 7.24% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Perfect 1031 in a Tax-Free state!
  • 8% Cap Rate on rents starting on 4/1/2026; 7.25% on current rent.
  • Attractive relocation store in strong market built in 2015.
  • Rare absolute Net Lease – No landlord responsibilities
  • 5+ years remaining on current lease term. Tenant then has (6) 5-Year Optional Extension Terms, each with 10% increase.

EXECUTIVE SUMMARY

Perfect 1031 in a tax-free state! Ideal investment for an out-of-state investor. Rare absolute NNN Family Dollar Store with Corporate Guarantee. No landlord responsibilities. Five plus years remaining on the current 15-year lease with 8% Cap Rate on rent increase starting April 1, 2026. 7.25% cap on current rent. 10% Bumps April 2026 and every option.
Attractive relocation store in strong market built in 2015. Tenant has (6) 5-Year Optional Extension Terms, each with increases. Ideal investment for an out-of-state investor. Bolivar is the county seat of Hardeman County, TN and is between Nashville and Memphis.
Offers are to acknowledge that tenant has 10-day ROFR and should be submitted with proof of ability to close.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,344 SF
Building Class
C
Year Built
2015
Price
$1,400,000
Price Per SF
$167.79
Cap Rate
7.24%
NOI
$101,430
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.83 AC
Zoning
B-1
Parking
26 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
154’ on W Market St

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 8,344 SF
  • $12.16
  • Triple Net
  • Mar 2031

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 8,344 SF $12.16 Triple Net Mar 2031

NEARBY MAJOR RETAILERS

Regions Bank
Rent-A-Center
CB&S Bank
1st Heritage Credit
Simmons Bank
Anytime Fitness
Food Giant Supermarket

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
070P-N-009.00
Land Assessment
$88,440
Improvements Assessment
$226,480
Total Assessment
$314,920
  • Listing ID: 38500235

  • Date on Market: 11/19/2025

  • Last Updated:

  • Address: 605 W Market St, Bolivar, TN 38008

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