Investment Overview

Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a single tenant Family Dollar with a recent seven year extension to lease term located at 6154-6156 Ramey Avenue in Fort Worth Texas. The property was built in 2003 specifically for Family Dollar when they signed a new 10 Year lease. Family Dollar currently extended their lease term and now has seven+ years term remaining. Investors can take advantage of the potential for stable long-term returns, as three five-year options remain, each with a 10 percent increase in rental income. The subject Family Dollar boasts an impressive 20-year operating history, establishing a track record of successful operations and tenant reliability. Placer.ai ranks the subject property’s location in the top 38 percent of Family Dollar’s in a five-mile radius. The investment is further strengthened by a corporate lease with Family Dollar, Inc., which is an investment-grade subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR) and holds a favorable S&P rating of BBB. Family Dollar, Inc. is the largest dollar store chain in the United States, boasting an impressive network of 15,500+ locations. The company achieved record-setting net sales of $26.3 billion in 2021 and was ranked #137 in the prestigious Fortune 500 list in 2022. Access to the location is available from the signalized intersection of Ramey Avenue and East Loop 820 South Notably, this Family Dollar is strategically positioned with freeway signage/visibility off of the 820 Highway off-ramp and benefits from exposure to over 97,000 Cars Per Day. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the tenant’s success in serving the local market. The surrounding population of 235,671 people have an average household income of $78,129 in a five-mile radius spending on average $106,765 on retail per year.