Single-Tenant Net-Leased (STNL) Investment Opportunity | Family Dollar in Helenwood, TN

Bull Realty is pleased to present the exclusive offering for a single-tenant net-leased (NN) Family Dollar property in Helenwood, Scott County, Tennessee. Constructed in 2023, this $\pm 10,500\text{ SF}$ freestanding retail asset sits on a $\pm 1.31$-acre parcel along U.S. Highway 27, experiencing traffic counts exceeding 12,800 vehicles per day (VPD).

Positioned approximately 57 miles northwest of Knoxville, the location serves a catchment area of nearly 20,000 residents within a 10-mile radius with an average household income of $58,267—a target demographic profile for discount value-retail formats. Offered at $1,943,284 with an attractive 6.70% capitalization rate, the asset delivers stable, long-term cash flows backed by a national corporate guarantee.

Investment Overview & Asset Financials

• Purchase Price: $1,943,284

• Capitalization Rate (Cap Rate): 6.70%

• Net Operating Income (NOI): $130,200

• Price Per Square Foot: $185.07/SF

• Building Square Footage: $\pm 10,500\text{ SF}$

• Land Area: $\pm 1.31\text{ Acres}$ ($\pm 57,063\text{ SF}$)

• Year Built: 2023 (Recent Construction)

• Tenancy Type: Single-Tenant Retail

• Building Class: Class C (Freestanding Single-Story)

• Floor Area Ratio (FAR): 0.18

• Street Frontage: 105 Feet along Glass House Road

• Opportunity Zone: Yes (Qualifies for potential federal tax incentives)

Lease Structure & Landlord Responsibilities

The asset is subject to a 10-year Double Net (NN) lease running through February 28, 2034, leaving four (4) consecutive 5-year renewal options with built-in rent increases.

+-------------------------------------------------------------------+
|                         LEASE LEAKAGE BREAKDOWN                   |
+---------------------------------+---------------------------------+
| LANDLORD RESPONSIBILITIES       | TENANT RESPONSIBILITIES         |
+---------------------------------+---------------------------------+
| • Roof & Structural Components  | • HVAC System Repair/Maint.     |
| • Parking Lot Capital Expenses  | • Grounds Care & Landscaping    |
| • General Liability Insurance   | • Property Tax Reimbursement    |
|                                 | • Building Insurance Reimb.     |
+---------------------------------+---------------------------------+

Corporate Tenant Guarantee

The lease is corporately guaranteed by Family Dollar Stores, Inc., a national discount retail enterprise operating over 7,500 locations across 48 states. Following its strategic acquisition by private equity firms (including Brigade Capital Management and Macellum Capital Management), Family Dollar operates as an agile, standalone retail platform optimized for value-add store execution and essential grocery distribution.

Regional Economy & Local Commercial Drivers

Situated in Scott County, Helenwood benefits from a strong employment base and daily municipal commuter patterns. Located within a 2-mile radius of the site are several major industrial employers, educational campuses, and civic anchors:

• Great Dane Trailers: Major regional manufacturing plant producing flatbed trailers.

• Tennier Industries & Armstrong Flooring: Key industrial facilities providing stable regional manufacturing jobs.

• Tennessee College of Applied Technology (TCAT): Post-secondary technical campus driving consistent daily commuter traffic.

• Scott High School: Central educational institution servicing the surrounding Scott County community.

Located just south of the junction between Baker Highway and U.S. Highway 27, the store commands excellent vehicular visibility, pylon/monument signage opportunities, and seamless ingress/egress.

Demographics & Submarket Fundamentals (10-Mile Catchment)

• 10-Mile Population: ~20,000 Residents

• Average Household Income: $58,267

• Daily Traffic Volume (U.S. Hwy 27 / Baker Hwy): $\pm 12,800\text{ VPD}$

• Proximity to Regional Hub: ~57 Miles NW of Knoxville, TN

Key Investment Highlights

1. New Construction Quality: Built in 2023, minimizing near-term maintenance requirements or capital expenditures.

2. Long-Term Lease Term: Over 7 years of primary term remaining through February 2034, plus 20 years of potential extension options.

3. Essential Retail Concept: Proven recession-resilient business model focusing on everyday consumables, household essentials, and value groceries.

4. Opportunity Zone Designation: Unlocks capital gains tax advantages for qualifying investment funds.

5. High-Visibility Location: Prominent positioning on U.S. Hwy 27 with 105' of dedicated frontage on Glass House Road.

6. Licensed Broker: Bull Realty Tennessee License #: 259046