Family Dollar
Recent Lease Extension | Affluent Surrounding Area | Corporate Guaranty
Investment highlights
• Recent 10-year lease extension signed 2022 | 6+ years remaining on extension term
• Significant landlord investment | Tenant expanded the building by approximately 2,000 SF in 2022
• Affluent surrounding area | $121K average household income within a 3-mile radius
• Recent capex | Parking lot repaved and resurfaced 2 years ago
• Attractive lease structure | New 10-year term plus 3, 5-year options remaining | 25-year full lease tail
• Corporate guaranteed lease | Family Dollar Stores, Inc. | 7,123+ locations in the US
• Strong rent growth | $0.75 PSF rent increases in each option period
• Family Dollar operates as an independent company under PE ownership Brigade Capital and Macellum Capital, acquired July 2025
• Large stand-alone parcel | 2.06 acres | 44 parking spaces
• Located in Lake Gaston region | One of North Carolina’s largest reservoirs at 20,300 surface acres and 350 miles of shoreline | The lake attracts over 1M visitors annually
• Major recreational and retirement destination | Lake Gaston attracts retirees, second home buyers, and vacationers from across the Mid Atlantic
• Less than 20 minutes from Littleton Academy & William R. Davie Middle School | 900 students combined
• Halifax County | 90 minutes from Raleigh, NC and easy access to I-85
• Nearby destination retailers: Food Lion, Piggly Wiggly, Hardee’s, Subway, Napa Auto Parts, and more
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