Family Dollar / Dollar Tree | Chilton TX
WACO MSA | US ROUTE 77 & STATE HIGHWAY 7 FRONTAGE | INCOME TAX FREE STATE
Chilton is a city in Falls County, Texas and is just 20 miles south of Waco, Texas. Falls county has a population of almost 17,000 people and is a part of the Waco Metropolitan statistical area which has almost 300,000 people. Chilton sits directly on US Route 77 and State Highway 7 with the subject property seeing over 6,000 VPD. Texas is one of seven states that have no personal income tax.
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.
You must be a registered user in order to download the Offering memorandum for this property.
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.