Tenant Description
Dollar Tree Stores, Inc. owns and operates a chain of discount variety stores in the United States. It was formerly known as Only $1.00 Inc. and changed its name to Dollar Tree Stores, Inc. in January 1993. Dollar Tree, a Fortune 200 Company, now operates 15,000 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada. The company was founded in 1986 and is based in Chesapeake, Virginia. North America’s leading operator of discount variety stores selling everything for $1 or less, announced that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality.
What To Look For When Buying A Dollar Tree
Across the board, Dollar Tree tends to have the best intrinsic real estate within the Dollar Store Sector. If Dollar Tree vacates there is usually more you can do with the building over a Dollar General, because the properties have more density. You still want to ask yourself the following
How big is the area? If Dollar Tree vacates, what can you do with the building? Who can you rent it to? At what rate? What are the other retailers nearby? Are there chances of new competition coming in?
What We Like About Dollar Tree
Dollar Tree has some of the best real estate in the Dollar Store sector. Coupled with a strong corporate guarantee, higher cap rate, and affordable price point, these deals are very attractive for 1031 buyers.
Competition
Dollar Tree acquired Family Dollar back in July 2015 https://www.familydollar.com/corporate/news/newsjuly2015 leaving Dollar General as the only real competition in the sector.
What Is Sold In A Dollar Tree
Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods.
Dollar Tree Website
Corporate Office Location
500 Volvo Pkwy – Chesapeake, VA 23320
Fast Facts
Dollar Tree was ranked #51 on the Fortune 100 Fastest Growing Companies List of 2018
As of January 2019 Dollar Tree employs 175,000+ people and has 15,000+ retail locations.
