Family Dollar

• Corporate Tenant – The lease is signed by Family Dollar Stores of Michigan, Inc. Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year.
• Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.
• Passive Value-Add Investment – This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.
• Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.
• Essential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets where discount retail is mission-critical for local consumers.
• Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers seek value and affordable essentials.
• Excellent Regional Transit Logistics – The site is positioned less than two miles from regional interstate highway access. Additionally, the local Muskegon Area Transit System (MATS) feeds fixed-route bus lines directly through the immediate Broadway hub, facilitating continuous consumer and employee mobility straight to the property.
• Massive Municipal Infrastructure Inflow – The property stands to benefit heavily from the $1.78 million Broadway Avenue Road Reconstruction project. This major multi-phase municipal initiative provides extensive road resurfacing, full sidewalk/curb replacement, new underground storm water systems, and complete main utility upgrades directly outside the storefront.