Tenant: Family Dollar Premises: 9180 SF Renewal Options: 6 x 5 Year
Lease Expiration: 9/30/2031 Lease Type: Absolute NNN Rental Increases: 10% Year 11 & At Options
Brand New 2016 Brick Construction
15 Year Absolute NNN Lease
10% Rental Increase in Year 11
Multiple Big Box Retailers Surrounding the Site Include: Home Depot, Target, Best Buy and Sam’s Club
Population of 97,783 in a 5 Mile Radius & 163,534 in a 10 Mile Radius
Situated West of Macon Mall
Located Less Than 5 Miles from Wesleyan College and Mercer University with an Enrollment of Over 10,000 Students Combined
Standard and Poor’s Credit rating of BB+
Family Dollar & Dollar Tree Have Over 13,000 Locations Nationwide
Family Dollar was Recently Acquired by Dollar Tree, Inc. and is Now Considered to be the Nation’s Largest Small-Box Discount
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 13,800 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.
ABOUT FAMILY DOLLAR
One of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.