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Family Dollar | Renewed Lease with 10% Increase

1307 S King St, Windsor, NC 27983

Listing Price: $1,165,690

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
3.5
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$145.71
Lease Type
Double Net
Rent Per Square Feet
$11.29

Investment Overview

Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, we are headquartered in Chesapeake, Virginia and operate more than 16,000 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. We are more focused than ever on providing customers and their communities with convenience and extreme values. We are also committed to serving the best interests of our stakeholders and are enhancing shareholder value through exceptional performance, responsible business practices, and effective communication.
www.dollartree.com

When it comes to delivering value on family essentials in a convenient neighborhood location, Family Dollar is THE onestop shop! As one of the nation’s fastest-growing retailers, we offer a compelling assortment of merchandise for the whole family. Families will find household cleaners, food, health and beauty aids, toys, apparel, home fashions, and more—all for everyday low prices. Many of our items are $1 or less, and most items in the store are priced below $10. We make shopping fun while keeping our shoppers’ budgets top of mind. As shoppers enter their neighborhood Family Dollar, they will discover great values on the name brands they trust in a clean, well-organized store staffed with friendly associates. Our relatively small footprint allows us to open new stores in rural areas, small towns, and large urban neighborhoods, meeting our shoppers right where they are.
www.familydollar.com

Investment Highlights

  • LARGE 1.64+/- ACRE CORNER LOT
  • TENANT EXERCISED 1ST RENEWAL OPTION WITH 10% INCREASE
  • DIRECTLY ADJACENT TO ECU HEALTH HOSPITAL
  • CORPORATE LEASE GUARANTEED BY FAMILY DOLLAR STORES, INC.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Discount

Family Dollar | Renewed Lease with 10% Increase

Listing Price: $1,165,690

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
3.5
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$145.71
Lease Type
Double Net
Rent Per Square Feet
$11.29

Investment Highlights

  • LARGE 1.64+/- ACRE CORNER LOT
  • TENANT EXERCISED 1ST RENEWAL OPTION WITH 10% INCREASE
  • DIRECTLY ADJACENT TO ECU HEALTH HOSPITAL
  • CORPORATE LEASE GUARANTEED BY FAMILY DOLLAR STORES, INC.

Investment Overview

Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, we are headquartered in Chesapeake, Virginia and operate more than 16,000 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. We are more focused than ever on providing customers and their communities with convenience and extreme values. We are also committed to serving the best interests of our stakeholders and are enhancing shareholder value through exceptional performance, responsible business practices, and effective communication. www.dollartree.com When it comes to delivering value on family essentials in a convenient neighborhood location, Family Dollar is THE onestop shop! As one of the nation’s fastest-growing retailers, we offer a compelling assortment of merchandise for the whole family. Families will find household cleaners, food, health and beauty aids, toys, apparel, home fashions, and more—all for everyday low prices. Many of our items are $1 or less, and most items in the store are priced below $10. We make shopping fun while keeping our shoppers’ budgets top of mind. As shoppers enter their neighborhood Family Dollar, they will discover great values on the name brands they trust in a clean, well-organized store staffed with friendly associates. Our relatively small footprint allows us to open new stores in rural areas, small towns, and large urban neighborhoods, meeting our shoppers right where they are. www.familydollar.com

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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