Tenant: Family Dollar | Myrtle Beach, SC Premises: 8,050 SF Renewal Options: 4 x 5 Years
Lease Expiration: 12/31/2024 Lease Type: NN Rental Increases: 10% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer the Family Dollar Corporate Lease Investment Opportunity Located at 7080 Highway 90 in Longs (Myrtle Beach), SC.
New 5-Year Lease Extension in Place
Corporate Guarantee
Limited Dollar Store Competition in the Area
Family Dollar is a Fortune 200 Company – it Operates More Than 15,237 Stores Across 48 States and 5 Canadian Provinces
Tenant Has Been Operating at This Site Since 2008, Showing Commitment to Location
Household Growth Predicted at 17% Over the Next 5 Years Within a 5-Mile Radius
About 101,229 Residents Live Within a 10-Mile Radius With an Average Household Income of $69,900
Conway Bypass Sees Over 22,200 Vehicles Per Day
Located in Summerfield Plaza With Tenants That Include: Grand Slam Café, Rice Mie Up, Dewy’s Liquors, Martial Fitness Studio and Baker Roofing Company
Centrally Located to the North Myrtle Beach Grand Strand Region, the 60-Mile Stretch of White Sands, and Attracts Over 14 Million Visitors a Year
Nearby Retailers Nearby Include: Sandhills Bank, Wendy’s, Dunkin’, Subway, Bistro 90 and Circle K
In Cooperation With Sands Investment Group Charleston, LLC – Lic. # 20891
BoR: Chris Sands – Lic. # 93103
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
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 200 Company, now operates more than 15,237 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.
Family Dollar offers a compelling mix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods, health and beauty items to home décor and seasonal items, Family Dollar offers the lowest possible price, the name brand and quality private – brand merchandise customers need and use every day.
The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company’s customer base.