Investment Overview
Texas Broker of Record:
Reid Peevey Commercial Real Estate Company
Victor Randolph Reid
254-753-1157
Randy@ReidReevey.com
TX License # 333073
Oklahoma Broker of Record:
Tim Strange, CCIM, SIOR, CPM
President, Pivot Real Estate Brokerage
tim@pivotproject.com
405-413-8467
Oklahoma License #206512
Investment Highlights
- Push the “easy button” with this Family Dollar portfolio serving areas with limited grocery and consumer options.
- Family Dollar is a value based retailer that thrives in all economic times.
- All four properties are proven locations that were not impacted by new corporate ownership.
- Minimal landlord responsibilities with these 2022 built NN+ leases.
- Corporate guaranteed by experienced private equity firms that own discount retailers including Kohl’s, Big Lots, and Bed Bath & Beyond.
- Motivated seller will consider selling locations separately.
- Texas locations are NOT subject to state income tax.
- NN+ leases with recent 2022 construction and no state income tax (Texas locations only).
- Landlord responsibilities: Roof, structure and parking lot (CAPX only).
- Tenant Responsibilities: All other repairs, grounds maintenance, liability insurance and reimbursement of taxes and property insurance.
- Renewal options: 6 five-year options with .50/SF in each option period.
- Corporate guaranteed: new Family Dollar owners, private equity firms Brigade Capital Management and Macellum Capital Management.