Family Dollar NN Investment Opportunity | 6.7% Cap Rate | Helenwood, TN

This property is located in Helenwood, Tennessee.This recently constructed ±10,500 SF Family Dollar store, built in 2023, is situated on a ±1.31-AC parcel on U.S. Hwy 27 with over 12,800 VPD in Helenwood, TN. The population within a 10-mile radius is almost 20,000 with an average household income of $58,267, making this an ideal target market for the Family Dollar concept. Helenwood, located in Scott County, is about 57 miles northwest of Knoxville. Within two miles of Family Dollar are several area employers including Great Dane (flatbed trailer manufacturer), Tennier Industries, Armstrong Flooring, Tennessee College of Applied Technology, and Scott High School. The 10-year NN lease runs through February of 2034 with four 5-year renewal options. Landlord responsibilities include roof, structure, parking lot capital expenses, and general liability insurance. The tenant is responsible for all other maintenance, including HVAC system, grounds care, liability insurance and reimbursement of property tax and insurance. The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms. This includes over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Helenwood. They provide investors with a proven retail concept with a long-term track record. This is priced at $1,943,283.58 or a 6.7% cap rate.