Listed by Matthews
$1,384,800
Family Dollar | 8.3% Population Growth | South Carolina
Details
Property Type Retail
Sub Type Convenience Store, Day Care/Nursery
Square Footage 10,500
Cap Rate 8.75%
NOI $121,170
Tenancy Single
Lease Type NN+
Lease Term 10
Lease Expiration 04/30/2033
Remaining Term 7
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2023
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/14/2023
Ground Lease No
Ownership Fee Simple
42,018 Residents | 8.75% Cap
Investment highlights
- 2023 built-to-suit for Family Dollar
- ±7.25 years remaining on an initial 10-year lease
- 10 mile population in excess of 42,018
- Population growth of 8.3% over the last 5 years
- Corporately guaranteed lease
- Rent increases of $5,250 ($0.50/SF) in all five, 5-year options
- Average household income of $82,814 annually within a 5-mile radius
- 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
$121,170.00
$10,097.50/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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