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Family Dollar

2604 East Magnolia Avenue, Knoxville, Tennessee, 37914
  • Agent(s):
    Kyle Hartung
  • Name:
    Family Dollar
  • Address:
    2604 East Magnolia Avenue, Knoxville, Tennessee, 37914
  • Total SF:
    10,000
  • Option:
    For sale
  • Category:
    Investment Sales Sold

Details

For sale is the 100% fee-simple interest in the single tenant, NN-leased Family Dollar (NYSE: FDO), located at 2604 East Magnolia Avenue in Knoxville, Tennessee. Family Dollar has occupied the property since 2005 and recently showed their long-term commitment to this site by adding 5 years to the current lease term. The purchaser of this property will benefit from a unique and advantageous lease structure, which requires Family Dollar to be responsible for HVAC repairs, maintenance and replacement, parking lot maintenance and property landscaping, parking lot striping, and parking lot patching up $1,000 per year. Due to Family Dollar’s tenant obligations set forth in this lease, this particular Family Dollar investment is more hands-off than most on the market today. Further, at a price of $65 per-square-foot, the asset is for sale at a purchase price well below the building’s current replacement value. This investment offers the purchaser the ability to acquire a property with a solid tenant history, commitment to the future, and with relatively few owner
obligations.

Location