Property History
Property Type
Property Type
Marketing Description
Family Dollar is an American Variety Store Chain. With Over 8,000 Locations in all
States Except Alaska, Hawaii, Oregon and Washington, It is The Second Largest Retailer of Its Type in The United States. Family Dollar is Headquartered in Matthews, a Suburb of Charlotte, North Carolina, Where It Employs 1,400 People. In June 2014, Activist Investor and Major Shareholder Carl Icahn Demanded That Family Dollar Be Immediately Put Up For Sale. on July 28, 2014, Dollar Tree Announced that It Would Purchase Family Dollar For $8.5 Billion. The Sale Delivered a Windfall to The Company's Biggest Shareholder
Carl Icahn, Who Acquired his 9.4 Percent Stake in June 2014. On January 22, 2015, Family Dollar Shareholders Approved The Dollar Tree Bid. Family Dollar was Founded in 1959 By Leon Levine, a 21-Year-Old Entrepreneur. In November of that Year, The Company's First Store was Opened, in Charlotte, North Carolina. In 1961, Their First Store in South Carolina Opened, Followed By Stores in Georgia and Virginia, Which were Opened in 1962 and 1965, Respectively.
Investment Highlights
- 5.5 Years Remaining with (6) 5 Year Options
- $4.90 Rent Per Sq Ft with Low Cost of Occupancy - Increasing
- Likelihood of Long Term Occupancy
- $61 Price SF Well Below Replacement Value
- 10 Year Original Lease Executed Early Lease Renewal
- 9,180 SF Building on 1.01 Acre Lot , Built in 2005
- Double Net Lease , Minimal Landlord Responsibilities
- Average Household Income is Over $51,150 in 5 Mile Radius
- Lease is Corporate Guaranteed
- Family Dollar is One of The Fastest Growing Discount Store Chains in The United States
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Corp Indicator
Buyer Borrower 1 Name
Document Type
Resale Flag
Sales Price Code
Seller 1 Corp Indicator
Transaction Type
Seller 1 Name
Sold By
Sold To
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
B2 CommercialSpecial CommercialHighway Business District
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View all 84 uses
View all 84 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Danny Samona PRO
•••.•••.5967
•••mona@••••••••••.com
Listing removed on
BY:
Deno Bistolarides PRO
•••.•••.0288
•enob@••••••••••.com
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