Family Dollar

Highlights:

• Newer 2024 Construction Family Dollar with a 10-Year Initial Term In Place
• Proven Market: Tertiary Markets like Lobelville are Target Markets for the Family Dollar Tree Combo Stores with Comp Sales that Exceed 20%, Providing Higher Gross Profit Margins
• NNN Lease with Minimum Landlord Responsibilities; Only Responsible for Roof and Structure
• Average Household Income of $83,223 within a 5-Mile Radius; Ideal Demographics for the Family Dollar Tree Model
• Dollar Tree Acquired Family Dollar in 2015; Allowed for the Inception of the Dollar Store Model to be able to Better Compete with Dollar Generals in Tertiary Markets
• Four 5-Year Options with $0.50 PSF Increases at Each Option
• Limited Competition: Dollar General and Piggly Wiggly Xpress are the Only Other Discount Store Options in the Immediate Vicinity

Description:

Franklin Street is pleased to present this Family Dollar store in Lobelville, Tennessee. Lobelville is situated in Perry County in western Tennessee along the Buffalo River, a tributary of the Tennessee River. The property is located on North Main Street, a North-South thoroughfare that goes right through historic downtown Lobelville and connects the town to I-40, less than 10 miles from the property. The town was originally founded as a trading post on the Buffalo River by French Trader Henri de Lobel. Lobelville serves as a crucial transfer point for the Tennessee Gas Pipeline Company, with the operator serving as the oldest continuously operating business in town, dating back to 1943. Family Dollar sits on the main retail corridor of Lobelville and is less than a mile from the town's elementary school. One of the few national tenants in the area, Family Dollar fills several needs for local residents and fits the bill of the tertiary markets that the combo store concept targets. The combo stores have 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 rural tertiary markets. This new construction Family Dollar Tree Store is on a newly executed NNN lease, with the landlord only responsible for the roof and structure. Other retailers the immediate area include Dollar General, the US Postal Office, Lobelville Liquor and Wine, Bold Wine Coffee Bar, Piggly Wiggly Xpress, and Marathon Gas.

Nestled in the rolling hills of Perry County, Tennessee, lies Lobelville. Founded in 1854 as a trading post, the town boasts a rich history, a close-knit community, and a peaceful atmosphere. Lobelville's story begins with French trader Henri de Lobel. Envisioning a bustling trade route, he established a post on the banks of the Buffalo River. However, the proximity of the Tennessee River rendered his venture impractical. Despite its unfulfilled commercial purpose, Lobelville persevered, transforming into a quiet agricultural community. The town's name itself reflects its founder, originally christened Lobelsville before evolving to its present form. A notable landmark is T.G.T., now known as El Paso Energy, which holds the distinction of being the oldest continuously operating business in Lobelville, established in 1943. Life in Lobelville revolves around a strong sense of community. The annual Buffalo River Springfest draws residents together for a celebration of softball, music, and local businesses. Summer evenings come alive with the "Music on Main Street" series, while the "Kari May 5-K Run" promotes health and community spirit. To get a sense of the town’s history, the Cedar Grove Iron Furnace, a remnant of the area's industrial past, offers a glimpse into a bygone era. Outdoor enthusiasts can explore the scenic beauty of Mousetail Landing State Park, Bucksnort Trout Ranch, or Grinder's Switch Winery for a unique experience. Loretta Lynn's Ranch, a short distance away, pays homage to the country music legend's life and career. For a taste of fresh produce, Overholt's Farm Market provides a delightful local shopping experience. Those seeking a dose of history can explore the remnants of the Civil War at Fort Donelson National Battlefield. Whether you're drawn to its historical significance, its vibrant community events, or its proximity to natural beauty, Lobelville offers a unique and welcoming atmosphere. With its friendly residents, rich history, and charming events, Lobelville offers a great community to residents and families alike.

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