• Extremely Attractive 8.75% Cap Rate: Stabilized investment delivering a strong 8.75% cap rate for immediate, reliable cash flow.
• 2024 Build-to-Suit Construction: Brand-new 2024 build-to-suit specifically for Family Dollar, offering modern facilities with virtually no near-term capital requirements.
• ±8.25 Years Remaining on Base Term: Solid ±8.25 years left on the initial 10-year lease, providing excellent income visibility and stability.
• Corporately Guaranteed Lease: Full corporate guarantee from Family Dollar, ensuring dependable payment performance and credit strength.
• Affluent Demographics: Average household income of $121,421 annually in the trade area, supporting consistent demand for value-oriented essentials.
• Rent Escalations: $5,250 annual increases ($0.50/SF) in each of the five (5), 5-year renewal options, locking in predictable cash flow growth and inflation protection.

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 to revitalize the brand as an independent, standalone retailer separate from Dollar Tree.
• Operational Turnaround & Fresh Capital: New ownership brings significant retail expertise and capital focused on store upgrades, operational improvements, and portfolio optimization to drive long-term performance.
• Resilient, Neighborhood-Centric Model: With over 7,000 locations nationwide, Family Dollar serves as a convenient, quick-trip destination for budget-minded consumers, delivering core grocery and household essentials in local communities.