Lease & Location

• 2023 build to suit Family Dollar Tree
• ±8.25 years remaining on an initial 10-year lease
• Corporately guaranteed lease
• Rent increases of $5,250 ($0.50 / SF) in all six, 5-year options
• The subject property comes with a 20-year roof warranty
• Average household income of $79,200 annually within a 10-mile radius

Tenant Highlights

• 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.