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Family Dollar 605 W Market St 8,344 SF Retail Building Bolivar, TN 38008 $1,312,941 ($157.35/SF) 8.50% Cap Rate
Investment Highlights
- Strategic Retail Corridor Location: Positioned along West Market Street (US-64), Bolivar’s primary commercial artery
- Potential Lease Buyout Opportunity: With the tenant no longer operating at the site but continuing to pay rent
- Below Replacement Cost Basis: The 2015-built, 8,000+ SF retail shell offers investors, tenants, or owner-users a cost-efficient alternative
- Corporate Lease Guaranty: The lease is backed by Family Dollar, supporting contractual rental income for the remaining five years of the lease term
- Absolute NNN Lease Structure: The lease provides for no landlord responsibilities related to roof, structure, taxes, or maintenance
- Tennessee Tax Advantage: Located in an income tax-free state, the asset may appeal to out-of-state and 1031 exchange investors
Executive Summary
Name
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 263667, 356505 (TN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 263667, 356505 (TN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,344 SF
Building Class
C
Year Built
2015
Price
$1,312,941
Price Per SF
$157.35
Cap Rate
8.50%
NOI
$111,573
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)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 070P-N-009.00 | Improvements Assessment | $226,480 |
| Land Assessment | $88,440 | Total Assessment | $314,920 |
Property Taxes
Parcel Number
070P-N-009.00
Land Assessment
$88,440
Improvements Assessment
$226,480
Total Assessment
$314,920
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Videos
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Photos
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Street
Map
Presented by
Family Dollar | 605 W Market St
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