Family Dollar | Greenville SC MSA | Main & Main Intersection
New Construction | Primary Grocery Option | Growing Submarket
Marketing description
Trinity Partners is proud to serve as exclusive listing broker and present to the marketplace this brand-new Family Dollar Store net lease investment opportunity in Gray Court, South Carolina.
Property was developed in 2023 as Family Dollar’s first store in the market and was built with all custom brick to make a lasting impression. The site is situated on the best piece of commercial real estate in the market, at the main signalized intersection of town, and along the primary traffic corridor in the county.
Family Dollar is on a 10-year net lease with a corporate guaranty that commenced in October 2023. There are multiple renewal options with rent increases every option period. Family Dollar is a leading operator of discount variety stores that have served North America for nearly 70 years.
The Property is located just off I-385 and less than a 30-minute commute to Downtown Greenville and Greenville-Spartanburg International Airport. Gray Court is part of the booming 10-county Upstate SC region and is positioned to experience tremendous growth over the decade and beyond.
Investment highlights
- Strong 2025 financial performance with $13B in revenue, comparable sales growth of 2.5%, and EBITDA of $495M exceeding internal budget by 24%
- Improved balance sheet by lowering net debt over $300M and adding liquidity with approx. $1B in cash and available credit facility at fiscal year-end
- Located less than 10 minutes from Tesla’s brand-new distribution center (250K+ SF) and Amazon’s future fulfillment center (100+ AC)
- 10-year corporate lease with 4 renewal options of 5 years each and $0.50 PSF rent bumps every option
- Main and main location at the busiest intersection in the market with the highest traffic counts of 11,700 VPD on Hwy 14
- Only 1.5 miles off I-385 (29,300 VPD) and less than a 30-minute drive to GSP International Airport (2.56M passengers in 2023, a 17% increase from 2022)
- Population over 57,600 within a 10-mile radius and over 176,800 within a 15-mile radius
- Average HH income of $81,700 and median HH income of $58,850 within a 5-mile radius
- The Upstate SC region has a population of 1.6M with a net migration of 82 people/day and cost of living 8.6% below the national average
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