Family Dollar

Investment Overview

Investment Highlights

• Multi-Tenant Property anchored by Family Dollar in Waco, TX
• Positioned minutes from Downtown Waco, Baylor University (20,000+ Students), and Ascension Providence & Hillcrest Hospitals (500+ Combined beds)
• Family Dollar operates more than 8,000 stores across 46 states, making it one of the largest dollar-store chains in the U.S. Historically, the chain was part of a combined organization with Dollar Tree, which collectively operated over 15,000 stores in the U.S. and Canada. Though now operating independently, Family Dollar retains a deeply embedded presence in local communities, particularly in lower-income and rural areas, where demand for value retail remains steady
• In 2025, Family Dollar was acquired by private equity firms Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. for approximately $1 billion. The new ownership is focused on revitalizing the brand through operational improvements and store rationalization efforts following years of underperformance under Dollar Tree's management
• Waco, TX, emerges as a vibrant and swiftly expanding city, strategically positioned equidistant from the Dallas-Fort Worth and Austin metro areas. With a Greater Metropolitan Statistical Area (MSA) population of 270,868, Waco is witnessing a surge in both population growth and urban development, particularly in its thriving downtown area. This growth is further complemented by Waco’s robust recruitment and employment in the manufacturing and technology sectors, showcasing its economic vitality and diverse industry base
• The city’s economic landscape is distinguished by key industries such as advanced manufacturing, aerospace and defense, healthcare, and higher education, with notable institutions including Baylor University, Texas State Technical College (TSTC), and McLennan Community College (MCC) contributing to the local and regional development. This emphasis on education not only fuels the local economy but also fosters an environment of innovation and skills development