Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.
Attractive Increase Schedule – 10% rental increases in each of the four, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.
Lack of Competition – This is the only Family Dollar location in a 20-mile radius of the property. This benefits an owner by having less competition of necessity shopping within a large radius.
Corporate Tenant– The lease of the subject property is a corporate store. Family Dollar operates at over 7,500+ locations throughout the country. Family Dollar was recently acquired by Brigade Capital and Macellum Capital Management for $1.01 Billion.