New 10-year Dollar Tree NN leased totally repurposed former retail store opening in July 2021. ± 9,130 SF former retail store located on a busy signalized corner with nearly 24,000 vehicles per day. Over $900,000 spent in interior and exterior renovations including a new roof and parking lot. Lease guaranteed by Dollar Tree with five 5-year renewal options with rent increases of $0.50/SF in option periods.
Strong Tenant Commitment featuring a 20-Year Absolute NNN Lease with 10% rental increases every 5 years providing the landlord with a secure, growing income stream. Stable investment that is perfect for out-of-town investors with zero landlord responsibilities required by ownership.
The Subject Property is exceedingly well located directly off Scottsville Road (20K VPD), right next to Greenwood High School; 5A High School with 1,300 enrolled students. Bowling Green is ~60 miles north of Nashville and 100 miles south of Louisville.
Ideal Auto Parts Demographics. S&P Investment Grade Credit Rating (BBB Stable). Essential Retailer and Recession Resistant Business. Lease with 4, 5-Year Options. Single Tenancy. 20 years NN Lease. 7,225 Square Footage. 0.76 acres lot size.