108 Culp Rd, Richfield, NC 28137

Property Highlights

• 2022 built-to-suit construction for Family Dollar
• ±6.75 years remaining on the initial 10-year NN+ lease with limited landlord responsibilities
• Nearby national tenants include Taco Bell, Shell, Bojangles, Wendy's, McDonalds, Subway, AutoZone, CVS and more
• Rent increases of $5,250 ($0.50 / SF) in each of the five, 5-year options
• The subject property includes a 20-year roof warranty
• 10-mile population in excess ±45,441 residents
• Average household income of $93,763 annually
• Traffic counts of ±12,000 vehicles daily on Interstate 52
• Corporately guaranteed lease

Tenant Highlights

• In 2025 Family Dollar was acquired by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a definitive transaction (~$1.0B) aimed at revitalizing the brand as a standalone retailer, distinct from Dollar Tree’s strategy. The new owners are focused on operational turnaround, brand investment, and tighter portfolio optimization.
• Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient tenant, positioned for sustained growth in the years ahead.
• With roughly 7,000+ locations across the U.S., Family Dollar delivers widespread physical access to core grocery and household categories. Its neighborhood-centric footprint positions it as a convenient, quick-trip destination for budget-minded consumers.