Family Dollar / Dollar Tree | Pine Bluff AR
Retail
LITTLE ROCK MSA | 10th LARGEST CITY IN THE STATE | OVER 40,000 PEOPLE
The subject property is located in Pine Bluff, Arkansas which is the 10th most populous city in the state. Pine Bluff is the county seat of Jefferson county and is a part of the Little Rock-North Little Rock-Pine Bluff Combined Statistical Area which has a population of over 460,000 people in the MSA with Pine Bluff having a population of over 40,000 people.
NEW COMBO STORE FORMAT
According to Dollar Tree, the combined Family Dollar and Dollar Tree format store sales are on average 20% higher than in Family Dollar stores without the Dollar Tree features. With the success of the combination format, in 2023 Dollar Tree added 650 new or relocated combo stores with at least 300 being the new combo store concept with many more slated for 2024.
HIGHLY PASSIVE LEASE | MINIMAL LANDLORD OBLIGATIONS | BRAND NEW 10-YEAR LEASE
The subject property is operating under a highly passive corporate guaranteed lease with minimal landlord obligations. The subject lease offers Four (4), Five (5) year options to extend with rental increases of $0.50/SF in the option periods.
INVESTMENT GRADE CREDIT | FORTUNE 150 COMPANY | RAPIDLY EXPANDING RETAILER
In 2015, Dollar Tree acquired Family Dollar, now the Fortune #137 company boasts over 16,470 locations and is opening 650 stores in 2023, nearly 200 more than the 455 stores in 2022. Dollar Tree boasts an investment grade credit rating of BBB with Standard & Poor’s and had TTM Revenue of $29.31B, TTM EBITDA of $2.49B, and TTM Net Income of $1.22B.
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.