• 2021 Build-to-Suit Construction: Brand-new 2021 build-to-suit specifically for Family Dollar, delivering modern, high-quality facilities with minimal near-term capital requirements.
• Lease Term & Structure: ±7.5 years remaining on an initial 10-year NN+ lease with limited landlord responsibilities, providing strong income visibility and passive ownership.
• Rent Escalations: $5,250 annual increases ($0.50/SF) in each of the five (5), 5-year renewal options, ensuring predictable cash flow growth and inflation protection.
• 10-Mile Population Support: ±9,000 residents within a 10-mile radius, supporting consistent demand for essential, value-oriented retail in the trade area.
• Corporately Guaranteed Lease: Full corporate guarantee from Family Dollar, delivering reliable payment performance and investment-grade tenancy stability.

Tenant Highlights

• 2025 Private Equity Acquisition: Family Dollar was acquired in 2025 by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a ~$1.0B transaction aimed at revitalizing the brand as a standalone retailer separate from Dollar Tree’s strategy.
• Operational Turnaround & Brand Investment: New ownership brings fresh capital and deep retail expertise, focused on store upgrades, operational improvements, and portfolio optimization to drive long-term performance.
• Resilient, Value-Focused Model: With roughly 7,000+ locations nationwide, Family Dollar serves as a convenient, quick-trip destination for budget-minded consumers, delivering widespread access to core grocery and household essentials in local communities.