Spencer, TN - Family Dollar Dollar Tree

Description:

• Tenant recently executed a brand-new 10-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Family Dollar Stores, Inc., a nationally recognized and established dollar store
• In 2015 leading operator of discount variety stores, Dollar Tree, Inc. acquired Family Dollar Store, Inc. creating a combined organization with sales exceeding $19 Billion annually and over 145,000 associates
• The lease features $0.50 PSF/Year rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Brand new construction features a state-of-the-art design with high-quality materials

• Located along State Hwy 111 which averages 5,500 vehicles passing by daily and is a major retail thoroughfare serving the town of Spencer
• The site benefits from excellent visibility via significant street frontage and a large pylon sign along State Hwy 111
• Multiple points of ingress/egress
• The asset is in close proximity to the Van Buren County High School (392 students), further increasing consumer traffic to the site