Family Dollar & Dollar Tree Gross Retail Loris South Carolina

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Tenant: Family Dollar & Dollar Tree Leasehold Interest | Loris, SC
Premises: 11,159 SF
Renewal Options: (1) Five Year Option With a 10% Increase

Lease Expiration: 10/31/2023
Lease Type: Gross
Rental Increases: None

Sands Investment Group is Pleased to Present Exclusively For Sale the Leasehold Interest in a Newly Remodeled Family Dollar/Dollar Tree Combo Store in the Myrtle Beach Submarket of Loris, SC. This Opportunity Provides a New Owner With Stable Cash Flow From an Investment Grade Tenant.

Tenant just Executed a 10 Year Lease Extension and Recently Converted the Store Into a Family Dollar/Dollar Tree Combo Store, Showing Commitment to the Site
Dollar Tree Has a Bond Rating of Baa2 (Moody’s) and BBB (S&P), Making it an Investment Grade Tenant; This Makes For a Stabilized Investment For a New Owner
Tenant Also Has a Significant Rent Bump in Year 5, Increasing the New Owner Cash Flow; A New Owner Can Also Benefit From Bonus Depreciation Due to the Property Being a Leasehold Interest
The Property is Roughly 20-Miles Northwest From Myrtle Beach That Sees an Impressive 19 Million Visitors Per Year
The Property Sits Conveniently Along Broad Street in Loris That Sees 10,951 Vehicles Per Day; The Site Also Has Excellent Visibility From the Road With Great Access Between Two Stoplights
The Property’s Ground Lease Has Over 10 Years Remaining With an Expiration Date of 10/31/2033
Recession and Pandemic Resistant Tenant

In Cooperation With Sands Investment Group Charleston, LLC, Broker Lic. #20891 BoR: Chris Sands – Lic. SC #93103

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Tenant Overview

FAMILY DOLLAR
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 15,685 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 ofm 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.

DOLLAR TREE
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, operated 16,231 stores across 48 states and five Canadian provinces as of July 30, 2022. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada. Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. Some of the product departments you’ll find at Dollar Tree include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and so much more.

Area Overview