Family Dollar Investment Overview - LoopNet · 2018-11-20 · Family Dollar Investment Overview Dollar Tree, Inc. operates variety retail stores in the United States and Canada. It

Family Dollar Investment Opportunity 1545 South Main Street, China Grove, North Carolina 28023

300 Technology Center Way, Suite 410 | Rock Hill, South Carolina 29730 | 803-366-1158 | www.tuttleco.com

Pricing $1,069,000

Family Dollar Investment Overview

Dollar Tree, Inc. operates variety retail stores in the United States and

Canada. It operates in two segments, Dollar Tree and Family Dollar. The

Dollar Tree segment offers merchandise at a fixed price of $1.00. It

provides consumable merchandise, including candy and food, and health

and beauty care products, as well as everyday consumables, such as

household paper and chemicals, and frozen and refrigerated food. This

segment operates under the Dollar Tree and Dollar Tree Canada brands,

as well as 11 distribution centers in the United States and 2 in Canada,

and a store support center in Chesapeake, Virginia.

The Family Dollar segment operates general merchandise discount retail

stores that offer consumable merchandise, which comprise food, tobacco,

health and beauty aids, household chemicals, paper products, hardware

and automotive supplies, diapers, batteries, and pet and food supplies;

and home products including housewares, home décor, and giftware, as

well as domestics, such as blankets, sheets, and towels. This segment

operates under the Family Dollar brand, 11 distribution centers, and a

store support center in Matthews, North Carolina.

As of January 28, 2017, the company operated 14,334 stores in 48 states

and the District of Columbia, and 5 Canadian provinces. Dollar Tree, Inc.

was founded in 1986 and is based in Chesapeake, Virginia.

Debbie Weatherby

803-992-6110

[email protected]



Family Dollar Investment Overview

Name Family Dollar

Address 1545 South Main Street, China Grove, NC 28023

Market China Grove/Landis

Tenant Family Dollar Stores of North Carolina, Inc.

Building Size ±8,000 SF

Land Size ±0.70 Acres

Year Built 2011

Parking 24 Spaces

Rent Commencement -

Rent Expiration 1/31/2022

Rent Increases See Rent Schedule

Reimbursements Insurance & Taxes

Original Lease Term 10 Years

Lease Term Remaining 4 Years

Options Five, 5-Year

First Right of Refusal No

Net Operating Income $99,890

Asking Price $1,069,000 (7.5% CAP)

Family Dollar Rent Schedule

Lease Year Start End Annual Rent % Increase

Base Rent - 1/31/2022 $80,180.04 10%

Option 1 2/1/2022 1/31/2027 $88,197.96 10%

Option 2 2/1/2027 1/31/2032 $97,017.96 10%

Option 3 2/1/2032 1/31/2037 $106,720.08 10%

Option 4 2/1/2037 1/31/2042 $117,392.04 10%

Option 5 2/1/2042 1/31/2047 $129,131.04 10%

2018 Demographics

Radius 2018

Population

2023

Population

Population

Growth

2018—2023

Median Household

Income

1 Mile ±3,383 ±3,495 ±3.31% $42,682

3 Mile ±17,270 ±17,702 ±2.50% $48,703

5 Mile ±48,717 ±50,538 ±3.74% $48,564



Tax Parcel Information





6,700

7,300

3,000 2,500

440

4,200

4,600

5,300

SITE

6,700 3,000

7,300

4,200

4,600

5,300

5,500

11,000

11,000

12,000

14,000

6,100

2,100

6,600

1,800 2,500

2,500

2017 Traffic Counts

Documents

Family Dollar Investment Overview - LoopNet · 2018-11-20 · Family Dollar Investment Overview Dollar Tree, Inc. operates variety retail stores in the United States and Canada. It