Tenant Description
Family Dollar is an American variety store chain. With over 8,000 locations in 48 states. Family Dollar was headquartered in Matthews, a suburb of Charlotte, North Carolina, until it was acquired by Dollar Tree and headquarters operations were moved to Chesapeake, Virginia.
Dollar Tree acquired Family Dollar, Inc. in July 2015 and together they are the nation’s larges discount retailer. Similar to all Dollar Stores, they essentially operate as mini grocery stores in smaller rural towns. Built to suit developers are very active in this space.
What To Look For When Buying A Family Dollar
If FD vacates, what can you do with the building? Is the land in this area cheap enough that the risk is high for FD to build a new store and not renew the lease with you? What are the other retailers nearby? Are there chances of new competition coming in? Is the area already over served or is Family Dollar filling a need due to excess retail demand?
What We Like About Family Dollar
These deals are some of the highest cap rates you can find for a Corporate Guarantee lease.
Competition
Dollar General is the largest competitor in the sector.
What Is Sold In A Family Dollar
Clothing, cleaning supplies, home decor, health & beauty aids, pet supplies, toys, seasonal items, and grocery
Family Dollar Website/ Wikipedia Page
Corporate Office Location
500 Volvo Pkwy – Chesapeake, VA 23320
Fast Facts
Dollar Tree acquired Family Dollar, Inc. in July 2015
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