Listed by Matthews
$1,285,200
Family Dollar | North Carolina
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,500
Cap Rate 8.75%
NOI $112,455
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Expiration 10/31/2031
Remaining Term 6
Rent Bumps Yes
Lease Options Five, 5-Year
Year Built 2021
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2021
Ground Lease No
Ownership Fee Simple
8.75% Cap | 9,000 Residents
Investment highlights
- 2021 built-to-suit for Family Dollar
- ± 6 years remaining on an initial 10-year NN+ lease with limited landlord responsibilities
- Rent increases of $5,250 ($0.50 / SF) in each of the five, 5-year options
- 10-mile population of ±9,000 residents
- Corporately guaranteed lease
- 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.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$112,455.00
$9,371.25/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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