Investment Overview
• NN+ leases with recent 2023 and 2024 construction.
• Family Dollar is a value-based retailer that thrives in all economic times.
• 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: 4 or 5 five-year options (depending upon location) with .50/SF rent increases in each option period.
• Corporate guaranteed: new Family Dollar owners, private equity firms Brigade Capital Management and Macellum Capital Management.
Tennessee Broker of Record:
Bull Realty
Michael Bull
404-876-1640
Michael@BullRealty.com
TN License # 339898
Kentucky Broker of Record:
TRIO Commercial Property Group
Justin Baker
502-454-0911
JBaker@TRIOCPG.com
KY License # 204053
Investment Highlights
- Push the “easy button” with this Family Dollar portfolio serving KY and TN areas with limited grocery and consumer options.
- Family Dollar is a highly regarded value-based retailer that thrives in all economic times.
- This 3-property portfolio represents proven locations that were not impacted by new corporate ownership or closures.
- Average 10-mile population for these locations is over 15,800.
- Minimal landlord responsibilities with recent 2023 & 2024 construction and 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.