Highlights
•±10,500 SF Family Dollar, built in 2023 •10-year NN lease through February 2034 with four 5-year renewal options •Limited landlord responsibilities: roof, structure, parking lot capital repairs •Tenant responsible for all other maintenance, grounds, and HVAC •Corporate guaranteed lease with a nationally recognized, recession-resilient tenant •±1.31-acre parcel on U.S. Hwy 27 with ±12,800 VPD •10-mile population: ~20,000; average household income: $58,267 •Priced at $1,943,283.58 with a 6.7% cap rate
Description
Bull Realty is pleased to present a recently constructed Family Dollar located in Helenwood, Tennessee. Built in 2023, the ±10,500 SF store sits on a ±1.31-acre parcel along U.S. Highway 27, which sees over 12,800 vehicles per day. The surrounding 10-mile radius has nearly 20,000 residents with an average household income of $58,267, providing a strong demographic base for the Family Dollar concept. Helenwood is approximately 57 miles northwest of Knoxville and is near key employers including Great Dane, Tennier Industries, Armstrong Flooring, Tennessee College of Applied Technology, and Scott High School. The property features a 10-year NN lease through February 2034, with four 5-year renewal options. Landlord responsibilities are limited to the roof, structural components, and capital repairs to the parking lot, while the tenant reimburses property taxes and insurance and handles all other maintenance, grounds care, and HVAC. The lease is corporate guaranteed by Family Dollar, a nationally recognized discount retailer with over 7,500 stores in 49 states, providing a proven, recession-resilient tenant for investors. The property is offered at $1,943,283.58, reflecting a 6.7% cap rate.
Listing Details
- Cap Rate
6.7%
- Tenancy
Single
- Space Type
retail
- Sub Category
strip-centers
- Date Listed
2/12/2026
- Investment Type
Net Lease
- Net Operating Income
$130,200
Property Specifics
- Property Name
Family Dollar NN Investment Opportunity | 6.7% Cap Rate
- No of Buildings
1
- No of Stories
1
- Year Built
2023
- Building Size
10,500 SF
- Lot Size
1.31 Ac
- APN
085L A 028.02
- Occupancy
100%