Family Dollar | Texas | 8% Cap Rate
2023 Construction | Corporate Guaranty
Marketing description
Family Dollar is a well-established discount retailer offering everyday essentials at low prices in convenient neighborhood locations. Known for catering to value-conscious shoppers, the chain provides a broad assortment of consumables, household goods, apparel, and seasonal merchandise—most priced under $10. The store format is designed for ease of access and efficient shopping, targeting underserved markets where affordability and convenience are paramount. Founded in 1959, Family Dollar has developed strong brand equity in secondary and tertiary markets across the U.S.
In 2025, Family Dollar was acquired by private equity firms Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. for approximately $1 billion. The new ownership is focused on revitalizing the brand through operational improvements and store rationalization efforts following years of underperformance under Dollar Tree's management.
Investment highlights
- 2023 build to suit for Family Dollar
- ±7.50 years remaining on an initial 10-year lease
- Corporately guaranteed lease
- Rent increases of $5,250 ($0.50 / SF) in all four, 5-year options
- The subject property comes with a 20-year roof warranty
- Average household income of $76,753 annually within a 10-mile radius
- Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.
- 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 anchor tenant, positioned for sustained growth in the years ahead.
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