Dollar Tree-Portland TN
Closed718 S. Broadway Street, Portland, TN 37148
Property type
Retail
Unit / Space count
1
Price
$1,470,000
Building size
9,750 sf
Rentable area
9,750 SF
Year built
2016
Year renovated
Occupancy
Zoning code
Lot size
1.20 Acres
Sold/status
Sold · Date unknown
Sale price
$1470000
Property description
Franklin Street is pleased to present this newly constructed Dollar Tree build-to-suit location in Portland, Tennessee. Portland is located 30 miles to the north of Nashville. Nashville metro is the seventh fastest growing city in the country and its growth has spurred expansion into surrounding cities including Portland. Portland is known as the “Strawberry Capital” of the state. The subject property is located on the main road that intersects the city and next to many of the daily traffic generators. The site has excellent visibility on Broadway Street and surrounded by numerous national retailers including Food Lion, CVS, Walgreens, McDonald’s, Dollar General, amongst others.
Property highlights
- Dollar Tree signed a 10-Year NN lease that will commence in February 2016 upon completion of the development. The initial lease term is flat for 10 years and has $0.50 PSF rent increases every five years after the initial lease term. The lease is corporately guaranteed by Dollar Tree who currently operates more than 5,500 locations across the country. The tenant is responsible for CAM, taxes, and insurance, while the landlord is responsible for roof, structure and HVAC of the property.