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605 W Market St
Bolivar, TN 38008

$1,312,941 USD

Freestanding For Sale  •  8,344 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,344 SF
  • Lot Size 0.83 AC
  • Building Class C
  • Year Built 2015
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning B-1
40 Walk Score

Highlights

Strategic Retail Corridor Location: Positioned along West Market Street (US-64), Bolivar’s primary commercial artery
Corporate Lease Guaranty: The lease is backed by Family Dollar, supporting contractual rental income for the remaining five years of the lease term
Potential Lease Buyout Opportunity: With the tenant no longer operating at the site but continuing to pay rent
Absolute NNN Lease Structure: The lease provides for no landlord responsibilities related to roof, structure, taxes, or maintenance
Below Replacement Cost Basis: The 2015-built, 8,000+ SF retail shell offers investors, tenants, or owner-users a cost-efficient alternative
Tennessee Tax Advantage: Located in an income tax-free state, the asset may appeal to out-of-state and 1031 exchange investors
Cap Rate: 8.50 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
Princeton Douglass 813-725-2182 Matthews™
Princeton Douglass 813-725-2182 Matthews™