Family Dollar | Dollar Tree
Retail | 7.00% CAP | 10,500 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Family Dollar investment property located at 3200 Main Street in Altoona, Alabama (the “Property”). Family Dollar has 9 years remaining on their lease with five (5), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option.
The Property enjoys excellent frontage and visibility along Main Street (AL Route 132), the area’s primary commercial and commuter corridor. Family Dollar is the main shopping destination in Altoona. Family Dollar is 4 miles from US Highway 278, the primary east west roadway, and is positioned between Oneonta and Gadsden, which offer retail and dining amenities, schools and employment opportunities and hospitals. Additionally, Family Dollar | Dollar Tree is approximately 45 miles from Birmingham.
Investment highlights
NEW CONSTRUCTION: The new construction Family Dollar has 9 years remaining on their lease with five (5), 5-year renewal options.
MINIMAL LANDLORD RESPONSIBILITIES: Family Dollar reimburses 100% of real estate taxes, insurance and takes care of common area maintenance. The Landlord is responsible for the roof, structure, and parking lot replacement. The Property has a transferable roof warranty.
SCHEDULED RENT INCREASES: The lease calls for $5,250 ($0.50 per square foot) rent increases at the start of each of the five (5), 5-year renewal options providing the investor with an attractive hedge against inflation.
CORPORATE LEASE: The Family Dollar lease is guaranteed by Family Dollar Stores of Alabama, LLC. On March 25, 2025, Dollar Tree, Inc entered into a definitive agreement to sell the Family Dollar business to Brigade and Macellum for a purchase consideration of $1.0 Billion. The sale was finalized on July 7, 2025. Family Dollar operates approximately 8,200 stores across 46 U.S. states.
STRATEGIC RETAIL LOCATION: Family Dollar enjoys outstanding visibility and frontage along Main Street (AL Route 132), the area’s primary commercial and commuter corridor and is 4-miles from US Highway 278. Family Dollar is the primary shopping destination in Altoona and is easily accessed by area residents. The Property is between Oneonta and Gadsden, which offer retail and dining amenities, schools and employment opportunities and hospitals.
LIMITED COMPETITION: Family Dollar is one of the primary shopping destinations in the town of Altoona with minimal competition. Other than Family Dollar, the closest dollar store is 5 miles away in Walnut Grove, and the closest grocer, Piggly Wiggly is 9 miles away. Area residents rely on this Family Dollar for groceries, sundries and general supplies.
E-COMMERCE RESISTANT RETAILER: Family Dollar is an internet-resistant retailer because it offers low-cost, everyday essentials that customers often need immediately, making quick, in-person purchases more practical than waiting for online delivery, especially in remote, rural areas.
DEMOGRAPHICS: Approximately 4,000 people live within 5-miles of the Property with an average household income of $71,331. More than 23,600 people live within 10-miles of the Property with an average household income of $79,515.
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