Tenant: Dollar Tree
Premises: 13824 SF
Renewal Options: 4 x 5 Yr
Lease Expiration: 1/29/2023
Lease Type: Absolute NNN
Rental Increases: See OM
- Absolute NNN Lease – No Landlord Responsibilities
- Six Years Remaining on Rite Aid Lease
- One Year Remaining on Dollar Tree Lease with One Option to Renew until January 2023
- Corporate Guarantee by Rite Aid
- Four (5) Year Renewal Options
- Successful Location for Dollar Tree Since 2012
- Located Along Dense Retail Corridor in Highly Desirable Charleston Market
- Strong Visibility from Ashley Phosphate and Dorchester Road
- Excellent Traffic Counts – Over 47,000 VPD
- Neighboring Tenants Include: Chick-fil-A, Publix, Walgreens, CVS, McDonald’s, iQor, Hardees, Zaxby’s, Taco Bell, Burger King, Gold’s Gym and Papa John’s
- In Cooperation with Sands Investment Group Charleston, LLC Lic # 20891
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.
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.
