Family Dollar / Dollar Tree | McGehee AR
Retail
REDEVELOPMENT OF PROVEN MARKET LOCATION | BRAND NEW 10 YEAR LEASE EXTENSION
Family Dollar has operated at this location since 2011 and just recently expanded and redeveloped the Subject Property to include Family Dollar/Dollar Tree’s new Dual Branded concept. In conjunction with this redevelopment, Tenant extended the lease for a brand new 10-year term, showing commitment to the McGehee market and this proven location.
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 2022 Dollar Tree added 400 new or relocated combo stores and a total of 700 renovations into combo stores.
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 Three (3), 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 16,200 locations and opened 590 new locations in 2022. Dollar Tree boasts an investment grade credit rating of BBB with Standard & Poor’s and has TTM Revenue of $27.69B, TTM EBITDA of $2.96B, and TTM Net Income of $1.62B.
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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.