Tenant: Family Dollar | Memphis, TN
Premises: 8,400 SF
Renewal Options: 5 x 5 Years
Lease Expiration: 6/30/2029
Lease Type: NN
Rental Increases: 15% at Options
Sands Investment Group is Pleased to Present Exclusively For Sale the 8,400 SF Family Dollar NN Lease Located at 1688 Jackson Avenue in Memphis, TN. This Deal Includes ~6 Years Remaining on the Lease Term With Five (5) By 5-Year Option Periods, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Dollar Tree, Inc. 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 Treeoperated 16,476 stores across 48 states and five Canadian provinces as of July 29, 2023. 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.