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605 W Market St, Bolivar, TN, 38008

Dark Family Dollar
$1,312,941

Key Information

Cap Rate
8.5%
Tot. SF
8,320
Lot Size
0.83 Acres
Year Built
2015
Type
Retail
NOI
$111,573

Highlights

  • Strategic Retail Corridor Location: Positioned along West Market Street (US-64), Bolivar’s primary commercial artery, the property benefits from proximity to established traffic generators, including Burger King, Walmart Supercenter, and AutoZone.
  • Corporate Lease Guaranty: The lease is backed by Family Dollar, supporting contractual rental income for the remaining five years of the lease term.
  • Potential Lease Buyout Opportunity: With the tenant no longer operating at the site but continuing to pay rent, investors may have the opportunity to pursue a negotiated lump-sum lease buyout.
  • Absolute NNN Lease Structure: The lease provides for no landlord responsibilities related to roof, structure, taxes, or maintenance during the remaining term.
  • Below Replacement Cost Basis: The 2015-built, 8,000+ SF retail shell offers investors, tenants, or owner-users a cost-efficient alternative to ground-up construction in today’s elevated cost environment.
  • Tennessee Tax Advantage: Located in an income tax-free state, the asset may appeal to out-of-state and 1031 exchange investors seeking Sunbelt retail real estate exposure.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203