Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to market for sale the Family Dollar located at 1154 W State Street in Fremont, Ohio. The subject property is a 10,794-square-foot all-brick former Rite Aid store built in 1982 and renovated to a Family Dollar in 2001. The tenant has historically performed very well at this location with the 2024 stores sales at 17% above the national average and trailing upwards from the previous five years. The tenant exercised their third renewal option which is set to expire December 31, 2027. The Tenant has two remaining, five-year options that include ten percent rental increase. The property has excellent visibility and access along West State Street which is the primary East-West thoroughfare in Fremont which sees over 11,325 cars per day. Dollar Tree, Inc. has announced the sale of its Family Dollar business segment to investment firms Brigade Capital Management and Macellum Capital Management for approximately $1 Billion, marking the completion of a previously announced strategic review. Family Dollar will remain headquartered in Chesapeake, Virginia, and continue operations as a private company under its existing leadership. The sale is intended to unlock greater value for Dollar Tree shareholders while positioning Family Dollar for renewed growth and long-term success. Backed by experienced investors and a revitalized leadership team, Family Dollar is poised to strengthen its mission of delivering affordable and essential products to communities across the U.S. The transaction is expected to close in the second quarter of 2025, pending customary approvals.