2068 Us-64Whiteville, TN 38075

Property Details for 2068 Us-64

Year built

2024

Lot size

1.12 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 10,500-square-foot, free-standing retail building in Whiteville, Tennessee, currently leased to Dollar Tree. Built in 2024, this property boasts a 10-year net lease with a corporate guarantee from Dollar Tree, a company rated BBB by S&P and Baa2 by Moody's. The lease includes four 5-year renewal options, each with built-in rental increases, ensuring consistent income growth. Located at 2068 US-64, this property benefits from high visibility and proximity to other major retailers, including Dollar General, Exxon, and CB&S Bank. The 1.12-acre lot provides ample space, and the building's modern construction ensures minimal landlord responsibilities. With a current NOI of $121,065 and a 6.75% cap rate, this offering presents a compelling investment opportunity in a tax-free state. The asking price is $1,793,556, translating to $170.81 per square foot. Market analysis indicates that similar combination Dollar Tree/Family Dollar stores in smaller markets are experiencing same-store sales increases exceeding 20%. This property offers a secure, long-term investment with significant upside potential. The property is situated in a thriving retail corridor, with consumers in the surrounding 5-mile radius spending over $4 million annually on personal items and entertainment.

Location Insight

City

Whiteville

County

Hardeman

State

Tennessee

Latitude

35.3181

Longitude

-89.1532

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].