Family Dollar

Highlights:

• Newer 2024 Family Dollar Tree with a 8-year lease in place upon commencement
• Proven Market: Tertiary Markets like Clifton are target markets for Family Dollar Tree combo stores, with comp sales that exceed 20%, providing higher gross profit margins
• NNN lease with landlord responsibilities being only roof and structure
• Average Household Income of $74,994 within a 5-mile radius; Ideal for the Combo Store demographics
• Dollar Tree acquired Family Dollar in 2015; allowed for the combo store model to better compete with Dollar General in tertiary markets
• Located just across the street from Columbia State Community College: Just over 5,000 enrolled in most recent public figures, brings consistent traffic to the area
• 4, 5-year options with $.50 PSF increases at each option

Description:

Franklin Street is pleased to present this Family Dollar store in Clifton, Tennessee. Clifton is located in Wayne County in Southwestern Tennessee along the banks of the Tennessee River. The property is located on Billy Nance Boulevard, which serves as the major thoroughfare of Clifton and connects to neighboring town Clifton-Junction. Along Billy Nance Boulevard is the Clifton Highway Brudge, the only bridge that serves Clifton across the Tennessee River and the only bridge across the river until neighboring Savannah, 20 miles south. Clifton was originally developed as a river port, and the town still revolves around the river as a localized distribution hub and a tourist attraction. The TS Stribling Museum, dedicated to the famed American writer born and raised in Clifton, and Ross Creek Landing, a Jack Nicklaus signature golf course, serve as pillars for the tourism economy of Clifton. The property is located caddy corner to Columbia State Community College, which had just over 5,000 enrolled in its most recent public figures. Family Dollar Tree continues to roll out the combo store format into rural areas of the country to help fill immediate voids for local residents. The concept has over 1,200 stores open, with hundreds of markets identified for future sites. The combo store format is one that Dollar Tree, the parent company, plans to stay committed to for tertiary markets. This new construction Family Dollar has 8.5 year remaining on the initial lease term, with the only landlord responsibilities being to the roof and structure. Other retailers in the immediate vicinity include Dollar General, Wayne County Bank, and Marathon.


Nestled along the Tennessee River in Wayne County, Clifton, Tennessee, offers a unique blend of Southern charm, historical significance, and a burgeoning arts scene. Founded in the 19th century as a thriving river port, this small town boasts a rich past, a close-knit community, and stunning natural beauty. Clifton's demographics reflect a small-town American character. According to the 2022 census, the population sits around 2,537, with the median age leans slightly older, contributing to a slower pace of life. However, a growing number of young families and artists are drawn to Clifton's affordability and emerging cultural scene. Culturally, Clifton embraces its Southern roots. Friendly hospitality and a strong sense of community are hallmarks of life here. The annual Horseshoe Bend Festival in September exemplifies this spirit, bringing together locals and visitors for a celebration of food, music, and riverfront activities. Clifton's historic district, listed on the National Register of Historic Places, is a journey back in time. Beautifully preserved 19th-century buildings lining Main Street speak to the town's prosperous past as a river port. Visitors can explore antique shops, art galleries, and local eateries, each contributing to Clifton's unique character. Clifton is also home to the historic home of T.S. Stribling, the first Tennessean to win a Pulitzer Prize in literature, offers a glimpse into the town's literary heritage. Clifton's natural beauty provides ample opportunities for outdoor recreation. The Tennessee River beckons with possibilities for boating, fishing, and kayaking. Lush green spaces and hiking trails offer a chance to commune with nature, while the scenic Horseshoe Bend, overlooking the river, is a popular spot for picnics and breathtaking sunsets. Beyond Clifton, a short drive opens doors to further exploration. The Natchez Trace Parkway, a historic scenic route, winds through rolling hills and offers a glimpse into the region's past. Pickwick Landing State Park, located on the Tennessee-Mississippi border, provides opportunities for camping, boating, and exploring the nearby Pickwick Dam. Looking ahead, Clifton is poised for a bright future. The town's commitment to preserving its history while fostering a vibrant arts scene attracts new residents and visitors alike.

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