Family Dollar/Dollar Tree – Lake City, Arkansas
BRAND NEW FAMILY DOLLAR TREE CONSTRUCTION
The Subject Property was constructed in 2023 and boasts the new Family Dollar / Dollar Tree dually branded prototype. According to Dollar Tree, this new dual branded prototype is driving on average 20% higher sales than the prior Family Dollar units without Dollar Tree features. With the success of the combination format, in 2022 Dollar Tree added 500 new or relocated combo stores and a total of 700 renovations into the combo store format.
HIGHLY PASSIVE LEASE | MINIMAL LANDLORD OBLIGATIONS
The Subject Property is operating under a highly passive corporate guaranteed lease with minimal landlord obligations. The subject lease offers six (6), 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 16,340 locations and opened 590 new locations in 2022. Dollar Tree boasts an investment grade credit rating of BBB with Standard & Poor’s and as of 1/31/2023 Dollar Tree had revenue of $28.33B, EBITDA of $3.00B, and stockholders equity of $8.75B.
JONESBORO MSA | SECOND LARGEST UNIVERSITY IN THE STATE
The Subject Property is located in Lake City, Arkansas which is a part of the Jonesboro MSA. The Jonesboro MSA has over 135,000 people and is home to Arkansas State University which is the second largest university in the state of Arkansas. Jonesboro is the logistical and economic center of Northeast Arkansas.
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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.