940 Upper Ferry Rd
Carthage, TN 37030
Dollar Tree · Retail Property For Sale

Franklin Street is pleased to present this newly constructed Dollar Tree build-to-suit location in Carthage, Tennessee. Carthage is located in central Tennessee some 45 miles to the east of Nashville. Carthage is the county seat of Smith County and part of the Nashville metropolitan area which has an estimated 1,830,000 residents. It is likely best known as the hometown of former Vice President and Senator Al Gore of the Democratic Party and his father, Senator Albert Gore, Sr. The subject property is strategically located next to the Walmart Supercenter, which does not have another competing store for 20+ miles in any direction. The site has excellent visibility and Carthage has numerous national retailers driving traffic to the area including: Sonic, McDonald' s, Advance Auto, Save-a-Lot, Hardee' s, Dollar General, among others. Dollar Tree signed a 10-Year NN lease that will commence in July 2017 upon completion of the development. The initial lease term is flat for 10 years and has $0.50 psf rent increases every five years after the initial lease term. The lease is corporately guaranteed by Dollar Tree who currently operates more than 13,600 locations across the country. The tenant is responsible for CAM, taxes, and insurance, while the landlord is responsible for roof and structure of the subject property.