Family Dollar

Offered at $594,823, representing a 8.75% capitalization rate based on in-place income
Positioned at the high-visibility intersection of W Mitchell Street (±10,200 VPD) and W Forest Home Avenue (±7,100 VPD), a key arterial route leading into downtown Milwaukee,just two miles from the subject property,supporting consistent commuter traffic and strong accessibility.
Located within a densely populated area with over 198,588+ residents within a 3-mile radius and an average household income exceeding $79,386.
Family Dollar has operated at this location since 2016, demonstrating long-term occupancy and operational stability.
Lease guaranteed by Family Dollar Corporation, a subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), providing a strong corporate-backed income stream.
Approximately ±5.00 years remaining on the current lease term, with three, 5-year extension options, each featuring 10% rental increases, offering built-in rent escalations upon renewal.
Market vacancy in the submarket is below 2.0%, and CoStar reports average market rents at approximately $12.63/SF—more than 1.25x the current rent—offering potential upside upon re-leasing.
The ±9,843 SF building, originally constructed in 1937, underwent a full renovation in 2016 for Family Dollar and has been well maintained since.
Situated on a ±0.24-acre site with excellent frontage and visibility on Historic Mitchell Street, enhancing long-term real estate value.
Landlord responsibilities are limited to roof structure and snow removal, offering low-touch management.

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Matt Fitzgerald