Five Rivers Plaza

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Five Rivers Plaza

140 5 Rivers Plaza Way
Newport, TN

Price: $1,915,000

Cap: 7.25%

NOI: $138,676

Building Size: 40,085 SF

Lot Size: 8.33 AC

Investment Highlights

FAMILY DOLLAR TREE ANCHORED SHOPPING CENTER

• The subject property is a 40,085 square foot shopping center anchored by a brand new Family Dollar Tree combo store and located in Newport, TN

• Value-Add Center

• 45 minutes from the heart of Knoxville, TN

• Average Rent: $4.78

• Priced well below replacement cost: $50/SF

INVESTMENT GRADE ANCHOR TENANT

• The shopping center is anchored by a new Family Dollar Tree combo store (55% of GLA)

• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

• Tenant built out a new location less than a year ago and has 4 years left on initial 5-year term

VALUE-ADD CENTER

• The shopping center features a new anchor & low rents throughout the shopping center

• Center is 77% leased, with a 9,400 square feet in vacancy remaining

• Five Rivers Plaza projects a proforma cap rate of 12.85% (see leasing assumptions on page 14)

NEWPORT, TN | KNOXVILLE MSA

• Newport, TN is a city in and county seat of Cocke County

• Located 45 minutes outside of Knoxville

• Newport is situated along the Pigeon River in an area where the foothills of the Great Smoky Mountains descend into the French Broad drainage basins.

• Subject property is located in a retail node of Newport that includes tenants such as Tractor Supply, Food City, Dollar General, Krystal, Sonic, Napa Auto Parts, and more

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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