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

Bull Realty is pleased to present the exclusive offering for a single-tenant net-leased (NN+) Family Dollar commercial retail property in Bruceton, Carroll County, Tennessee. Built in 2024, this $\pm 10,500\text{ SF}$ freestanding retail building sits on a $\pm 1.17$-acre parcel, serving as an essential commercial hub for the local community.

Situated in Western Tennessee midway between Memphis and Nashville, Bruceton benefits from a stable local customer base with limited nearby grocery and daily consumer shopping options. Offered at $1,613,885 with a high-yielding 8.10% capitalization rate, this recently constructed asset offers investors steady cash flow backed by a corporate lease and minimal landlord management responsibilities.

Investment Overview & Asset Financials

• Purchase Price: $1,613,885

• Capitalization Rate (Cap Rate): 8.10%

• Net Operating Income (NOI): $130,725

• Price Per Square Foot: $153.70/SF

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

• Land Area: $\pm 1.17\text{ Acres}$ ($\pm 50,965\text{ SF}$)

• Year Built: 2024 (Recent Construction)

• Tenancy Type: Single-Tenant Retail

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

• Floor Area Ratio (FAR): 0.21

Lease Structure & Corporate Guarantee

The property operates under an attractive double net (NN+) lease with 8+ years remaining on the original 10-year primary term, running through 2034. The lease includes four (4) consecutive 5-year renewal options with built-in contractual rent escalations during the extension periods.

+-------------------------------------------------------------------+
|                         LEASE LEAKAGE BREAKDOWN                   |
+---------------------------------+---------------------------------+
| LANDLORD RESPONSIBILITIES       | TENANT RESPONSIBILITIES         |
+---------------------------------+---------------------------------+
| • Roof & Structural Components  | • HVAC System Repair/Maint.     |
| • Outer Building Foundation     | • Grounds Care & Landscaping    |
| • Long-Term Capital Expenses    | • Property Tax Reimbursements   |
|                                 | • Building Insurance Reimb.     |
+---------------------------------+---------------------------------+

Corporate Lease Backing

The lease is corporately guaranteed by Family Dollar Stores, Inc. Following its acquisition in August 2025 by private equity firms Brigade Capital Management and Macellum Capital Management, Family Dollar operates as an agile, standalone retail enterprise. The sponsor group brings extensive experience in value retail and consumer brands, optimizing store-level performance across rural and secondary submarkets.

Regional Economy & Local Market Drivers

Bruceton is situated within Carroll County, a region with a population exceeding 29,000 residents. The area features a mix of steady manufacturing, healthcare, and educational anchors, supplemented by regional outdoor recreation and tourism.

Key employers and economic drivers in the surrounding area include:

• Bethel University: Major regional university providing educational programs and ongoing economic impact.

• Baptist Memorial Hospital: Primary healthcare provider for the county.

• Republic Doors & Frames: Industrial manufacturing employer in the submarket.

• Walmart Supercenter: Regional retail anchor serving the surrounding trade area.

Serving a 10-mile trade area population of over 16,000 residents, this Family Dollar location fulfills an essential necessity-retail role by providing affordable grocery, household consumable, and retail goods to a market with limited competition.