Family Dollar | Abs NNN | Weleetka, OK
Limited Competition - the nearest dollar store is over 10 miles away
Marketing description
Matthews™ is pleased to present a rare investment opportunity to acquire a 2016 build-to-suit Family Dollar property located in Weleetka, Oklahoma. This ±8,320 SF single-tenant retail property is 100% occupied under an Absolute NNN lease with corporate guarantee, offering investors zero landlord responsibilities and a stable income stream backed by an established national retailer.
The property benefits from approximately 4.50 years remaining on the initial 15-year lease term, with six 5-year extension periods that each include attractive 10% rental increases. The location on the main thoroughfare of Weleetka provides excellent visibility and accessibility, with limited competition—the nearest dollar store is over 10 miles away. This positions the property as a primary destination for everyday needs in a stable rural market.
In 2025, Family Dollar was acquired by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a definitive transaction aimed at revitalizing the brand as a standalone retailer. The new ownership is focused on operational turnaround, brand investment, and tighter portfolio optimization, providing fresh capital and experienced retail-focused leadership to drive meaningful upside potential. With roughly 8,000+ locations across the U.S., Family Dollar continues to serve as a resilient tenant with a proven value-focused model and strong presence in local communities.
Investment highlights
- 2016 build-to-suit construction for Family Dollar
- Rare Absolute NNN Lease | Zero Landlord Responsibilities
- ±4.50 years remaining on the base term of an initial 15-year lease
- Limited Competition - the nearest dollar store is over 10 miles away
- The subject property is located on the main thoroughfare of Weleetka
- Six, 5-year extension periods all of which include attractive rental increases
- 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 8,000+ 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.
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