Family Dollar
Family Dollar | Double Guarantee by Family Dollar & Dollar Tree, Inc. | Fortune 500 Guarantor
Marketing description
Northmarq is pleased to present the exclusive listing of a Family Dollar located in Fort Deposit, Alabama (Montgomery MSA). The property is a 2024 construction asset featuring 10,500 SF of retail space, encumbered by a 10-year double-net (NN) lease with minimal landlord responsibilities limited to roof and structure.
This lease structure is rare for Family Dollar, featuring a double corporate guaranty from both Family Dollar Stores, Inc. and Dollar Tree Stores, Inc. Dollar Tree, a Fortune 500 company, carries an investment-grade BBB credit rating from Standard & Poor’s and operates over 9,000 stores nationwide.
Family Dollar currently pays annual rent of $130,725 ($12.45 PSF). The lease includes three 5-year renewal options with $0.50/SF rent increases at each option, providing contractual rent growth throughout the hold. As a 2024 delivery, the property offers modern construction, updated systems, and zero deferred maintenance.
Investment highlights
- RARE Double Corporate Guaranty
- Fortune 500 Guarantor | Investment-Grade Credit
- Strategic Location of I-65
- NN Leases | Excellent 1031 Opportunity
- 2024 Construction | 10,500 SF Retail Asset
- Attractive Rent Profile with Built-In Rent Growth | Low Rent PSF
- Essential Retailer | Recession-Resistant Demand
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