For Sale
$1,610,000

2307 Billy Nance BlvdClifton, TN 38425

High-Yield Retail Investment, Clifton, TN

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar and Dollar Tree combo store in Clifton, Tennessee. Built in 2024, the property boasts a strong 10-year NNN lease with a 7.50% cap rate and a substantial NOI of $120,750. The lease commenced March 23, 2024, and includes four, five-year renewal options with $0.50 per square foot rent increases. Located on a 1.19-acre lot at 2307 Billy Nance Blvd, this strategically positioned property benefits from its proximity to Columbia State Community College, driving consistent traffic. The average household income within a 5-mile radius is $74,994, aligning perfectly with the target demographic for this retail format. The property's asking price is $1,610,000, representing a price per square foot of $153.33. This is a rare opportunity to acquire a high-performing, newly constructed retail asset in a growing market with a proven tenant and a long-term lease. The landlord's responsibilities are limited to roof and structure maintenance, minimizing operational burdens. The property's location on a major thoroughfare in Clifton, a town with a strong local economy and tourism sector, further enhances its investment appeal. This is a turnkey investment with significant upside potential.

Highlights

  • Brand new 2024 Family Dollar/Dollar Tree combo store with a 10-year NNN lease.
  • Strong market performance: Clifton, TN, a tertiary market, shows Family Dollar/Dollar Tree combo stores exceeding 20% comparable sales.
  • NNN lease with landlord responsibility limited to roof and structure.
  • $74,994 average household income within a 5-mile radius, aligning with the target demographic.
  • High-traffic location across from Columbia State Community College (5,000+ students).
  • Four, five-year lease options with $0.50/SF rent increases each option.

Property Details for 2307 Billy Nance Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2024
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Clifton
County
Wayne
State
Tennessee
Latitude
35.3752016
Longitude
-87.9876276
2307 Billy Nance Blvd, Clifton, Tennessee

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2307 Billy Nance Blvd
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