Tenant: Family Dollar Premises: 10,416 SF Renewal Options: 4 x 5 Years
Lease Expiration: 3/31/26 Lease Type: NN Rental Increases: 9% at Options
Corporate Guaranteed Lease – NYSE (DLTR) Stock Up Approximately 170% Since 2011
Recent Lease Extension Showing Commitment to Site
Family Dollar was Recently Acquired by Dollar Tree and Combined Have Over 14,400 Locations Nationwide
Excellent Demographics with Over 250,000 Residents Within a 5-Mile Radius
Within 2-Mile Radius of the University of Louisville with Enrollment of 22,640 Students
Within .5 Miles of Spalding University with Enrollment of 2,500 Students
Significant Renovation and Expansion in 2016, Including New Roof and HVAC System
Family Dollar is Considered the Largest Small-Box Discount Retailer
Well Located with Strong Surrounding Retailers Including Rite Aid, Kroger, McDonald’s, Circle K and Taco Bell
Less Then 3-Miles from Churchill Downs, Home of the Kentucky Derby
In Cooperation with JDS Real Estate Services, Inc. – Kentucky Real Estate Broker License No. 73339
Tenant Overview
CHESAPEAKE, Va. – July 6, 2015 – Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, announced that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality, private brand merchandise.
Dollar Tree, a Fortune 500 Company, now operates more than 14,400 stores across 48 states and five Canadian provinces as of June 1, 2017. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.
Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In August 2012, the company began accepting manufacturer’s coupons at all of its store locations.