Property Listing No Longer Available for Sale

174 S Main Street, Jellico, TN

Retail for Sale - $386,850 - 7,000 Sq. Ft. on 61 acres


Property Info

CIMLS#433272
Location
  174 S Main Street
  Jellico TN 37762
UpdatedOctober 29th, 2012
TypeRetail
Price$386,850
Building7,000 Sq. Ft.
Land61 acres

Property Description

Bull Realty is pleased to present this established Family Dollar, single tenant, net lease offering in Jellico, TN. The lease was extended for an additional five years in for this successful 7,000 SF retail store, built in 1998. It is situated on approximately 0.61 acres and located one mile from Interstate 75 at the Tennessee-Kentucky state line. This NN property has three 5-year option periods with a 5% rent increase in period 1, 4.8% in period 2 and 4.6% in period 3. This is an ideal investment for an investor looking for minimal landlord responsibilities, good real estate and a successful national credit tenant. The current NOI is $36,750 annually.

The subject property is located in Campbell County, set in the picturesque foothills of the Cumberland Mountains in Elk Creek Valley. It is approximately 58 miles north of Knoxville and 115 miles east of Lexington. Within a 10-mile radius, the population is 14,705 and has an average household income of $31,939.

Family Dollar is one of the fastest growing discount “small box” retailers in the country with over 7,400 stores in 45 states. Family Dollar reported that net income for fiscal 2012 (ending August 31, 2012) increased 10.5% compared with fiscal 2011 (excluding a litigation charge) and net sales increased 9.2% for the fiscal year. The company opened 475 new stores. In fiscal 2012 and expects to open a total of approximately new 500 stores in fiscal 2013.

This property is part of a portfolio of Dollar Generals, Family Dollars and Fred’s that can be purchased together or separately.

Please Contact:

Nancy Miller, CCIM, MBA

Nancy@BullRealty.com

404.876.1640 x 118

Sheree Strome, CCIM

Sheree@BullRealty.com

404.876.1640 x 122



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