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Family Dollar

Alice, TX

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Price$1,687,812
Rentable Square Feet8,320 SF
Cap Rate6.35%
Land Area1.12 Acres
NOI$107,176
Lease TypeNNN
Lease Term Remaining15 YRS
Landlord ResponsibilitiesN/A
Rent Commencement5/5/2016
Tenant NameFamily Dollar
Lease Expiration3/31/2032
Ownership TypeFee Simple
Increases10% increase in year 11 & in options
GuarantorCorporate
OptionsSix (6), Five (5) Year
Credit RatingN/A

Tenant Overview

When it comes to getting value for everyday items for the entire family in an easy to shop, neighborhood location, Family Dollar is the best place to go. One of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.

Geographic Outreach

Family Dollar serves families in more than 8,000 neighborhoods in 46 states. Texas is its largest market with 1,027 stores, followed by Florida with 584 stores. The Dollar Tree merger with Family Dollar now creates a combined organization with sales exceeding $19 billion annually with more than 13,600 stores across 48 states and five Canadian provinces. The merger has allowed Family Dollar to grow offering broader, more compelling merchandise assortments, with greater values, to a wider array of customers.

Strategy

Family Dollar offers a compelling mix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods and health and beauty items to home décor and seasonal items, Family Dollar offers the lowest possible price, the name brand and quality private-brand merchandise customers need and use every day.

Property Documents

Contact info

Chad Kurz
Listed by
Chad Kurz
SVP & National Director
License No: #01911198
(214) 692-2927
(562) 480-2937
Chad.Kurz@matthews.com