2307 Billy Nance BlvdClifton, TN 38425
- Retail properties
- 10,500 SF
Property Details for 2307 Billy Nance Blvd
- Year built
- 2024
- Lot size
- 1.19 AC
- Property size (Sq ft)
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
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.
Location Insight
- City
- Clifton
- County
- Wayne
- State
- Tennessee
- Latitude
- 35.3752
- Longitude
- -87.9876
Comparable in this City
Similar Nearby for Sale
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].