Family Dollar NN Investment Opportunity | 9.25% Cap Rate | Troy, TN

Investment Overview

New opportunity for an enterprising investor or owner/user! This ±10,500 SF, “dark” Family Dollar built in 2023 still has an active NN corporate guaranteed lease by Family Dollar paying $119,175 annually through 1/31/34! Collect rent while seeking a new tenant or use for improvements to fit your needs as the new owner/user. The property is in Troy, a town in Obion County, located in the northwest corner of Tennessee. Obion County is among the top five corn producing counties in the state. Troy is just over 26 miles north of Dyersburg, TN, approximately 93 miles south of Cape Girardeau, MO and approximately 108 miles northeast of Memphis. The population within a 7-mile exceeds 6,000. The lease is corporately guaranteed by Family Dollar, now owned by private equity firms Brigade Capital Management and Macellum Capital Management, which also own several discount retailers such as Kohl’s, Big Lots, Bed Bath & Beyond, and others. Priced at $1,288,378 or a 9.25% cap.

Investment Highlights

• Recent Construction: “Dark” 2023 Family Dollar on ±1.1 acre corner parcel.
• Collect Rent: Ready for repurposing while collecting $119,175 annually.
• Lease Structure: 7+ years remaining on the NN+ lease with minimal landlord responsibilities.
• Corporate Guarantee: Corporate lease backed by experienced private equity firms that acquired Family Dollar in August 2025.
• Strategic Location: Situated in northwest Tennessee’s Obion County with a 7-mile population of 6,638.