Property History
Property Type
Property Type
Property Subtype
Investment Highlights
Location Highlights
- 2020 retrofit for Dollar Tree
- Dollar Tree acquires Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
- ±5.25 Years remaining on an initial 10-Year lease
- Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales / profitability
- Corporately guaranteed lease
- Investment Grade Credit Tenant – S&P Rated BBB
- Five, 5-Year renewal options all of which include a $.50/SF rent increase
- 5-Mile population of 21,867 residents
- Located in downtown Thomasville, NC, within Davidson County and the greater Piedmont Triad region, providing access to the Greensboro-High Point-Winston-Salem metropolitan area and a diverse regional economic base.
- Tenant Highlights
- Dollar Tree recently sold off Family Dollar in summer of 2025 to refocus on its core, higher-performing brand.
- Since the sale of Family Dollar, Dollar Tree has seen an increase in their stock price of 25%.
- Investment Grade Credit Tenant – S&P Rated BBB.
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Corp Indicator
Buyer Borrower 1 Name
Buyer Borrower 1 Ownership Rights Code
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Resale Flag
Sales Price Code
Seller 1 Corp Indicator
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Seller 1 Name
Transfer Tax
Sold By
Sold To
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Asking Details
Asking Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Corporate Credit Tenant Guaranty | Scheduled Rental Increases | Options To Extend
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Positioned Along Main Street | Primary Retail Thoroughfare | Limited Competition | Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area
- Landlord Capital Improvements
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Zoning
C-4 CommercialCore CommercialCentral Commercial
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View all 127 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Map
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