Tenant recently extended their lease to a new full 10-year term
Five, 5-Year renewal options remain; all of which include a 5% rent increase
Family Dollar has successfully operated at this location for 10 years, proving its commitment to the location and market
±16,000 vehicles daily at the intersection of E Memorial Drive
The 3-Mile population of ±8,787 residents
The 5-Mile population of ±16,892 residents
Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.
Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.