Investment Overview

Marcus & Millichap is pleased to present for sale this net-leased Family Dollar located at 4126 Taylor Boulevard in Louisville, Kentucky, positioned within the busy South Louisville trade area of Jefferson County. The property consists of a 7,920-square-foot inline space within a larger, Save A Lot-anchored shopping center, situated on its own separately parceled 0.43-acre site with dedicated parking and convenient ingress and egress along Taylor Boulevard. The asset benefits from strategic frontage along Taylor Boulevard, a long-established commercial arterial carrying more than 24,000 vehicles per day and serving the densely populated, rooftop-heavy residential neighborhoods of south-central Louisville. The corridor offers strong visibility, established traffic patterns, and direct connectivity to the Henry Watterson Expressway (I-264) and the downtown Louisville CBD to the north. Strategically positioned within a Save A Lot-anchored shopping center, the property also benefits from a strong complementary tenant mix, with service-oriented tenants such as Cricket Wireless, restaurants, a childcare and learning center, a barber shop, a health clinic, and other retailers that help drive traffic to the location. Family Dollar has operated at this location since 2005 and recently exercised its first renewal option, a strong demonstration of the tenant’s long-term commitment to the site. The current term runs from July 1, 2026, through June 30, 2031, and includes three (3) additional five-year renewal options thereafter. The lease features 10% rental escalations at each renewal, providing built-in NOI growth and a natural hedge against inflation throughout the remaining lease term and option periods. Founded in 1959, Family D ollar is one of the nation’s largest small-box discount retailers, operating more than 8,000 neighborhood stores across 48 states. The company serves millions of customers each week by offering a broad assortment of everyday essentials, including food, household goods, health and beauty products, apparel, and seasonal merchandise, at compelling value-oriented price points. As an internet-resistant and recession-resilient retailer, Family Dollar has established itself as a critical shopping destination for communities across the country. In July 2025, Family Dollar was acquired from Dollar Tree, Inc. by affiliates of Brigade Capital Management and Macellum Capital Management, reestablishing the brand as an independent, privately held company headquartered in Chesapeake, Virginia. Louisville is the largest city in Kentucky and anchors the Louisville/Jefferson County metropolitan area—the 43rd-largest MSA in the United States—with a population of approximately 1.4 million and a metro GDP of nearly $91 billion. The five-mile trade area supports an estimated population of 225,353 and a daytime population of 289,599, providing a deep, durable everyday-needs consumer base for this necessity-based retail asset.