REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built

Highlights:

• 10,765 SF Freestanding Value-Add Retail on 0.991 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, Middle School, City Hall, Shelby Water Dept, and more
• Hard Corner with 1,204 VPD Traffic Counts on School Ave (Hwy 32) and Near US Hwy 61 Intersection with Traffic Counts of ±6,472 VPD
• No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses

Description:

Ri Marketplace Online Auction December 8th-10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2777/reit-sale-former-family-dollar-dollar-tree-2022-built?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2777

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1011 School Avenue, Shelby, Bolivar County, Mississippi 38774 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2022, the Property consists of a ±10,765-square-foot, single-story free-standing retail building situated on ±43,173 square feet (±0.991 acres) with a concrete surface parking lot with 32 spaces. The site is strategically positioned with ±227 feet of frontage along School Avenue (County Road 32) ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $15–$18/SF NNN. With no zoning ordinance or zoning regulations in Bolivar County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.

Shelby, Mississippi is a small town located in Bolivar County in the Mississippi Delta region, positioned along U.S. Highway 61 and serving as a local civic and commercial node. Surrounding traffic generators include Dollar General, Middle School, City Hall, Shelby Water Dept, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,601 residents and an average household income of ±$41,627 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.


William Head
c/o Fisher Auction Company Inc.
License: 892
Broker #: 19794
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: