Average Sale and Lease Details
|Price Range 12mo avg:||$1.33M – $1.56M|
|$/sf 12mo avg:||$150|
|CAP Rate 12mo avg:||7.21%|
|Typical Lease Type:||NNN|
|Building Size avg:||8,712 SF|
|Lot Size avg:||1.15+/- acres|
About Family Dollar
On July 6, 2015, Dollar Tree completed its acquisition of Family Dollar stores.
The Family Dollar segment operates general merchandise discount retail stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. The Family Dollar segment consists of operations under the Family Dollar brand, eleven distribution centers and a Store Support Center in Matthews, North Carolina. The stores average 7,800 square feet and they range from predominantly 6,000 – 8,000 selling square feet. In their 7,897 Family Dollar stores, the company sell merchandise at prices that generally range from $1.00 to $10.00.
Family Dollar stores provide customers with a quality, high-value assortment of basic necessities and seasonal merchandise. They offer competitively-priced national brands from leading manufacturers alongside name brand equivalent value priced private labels. Family Dollar purchase merchandise from a wide variety of suppliers and generally have not experienced difficulty in obtaining adequate quantities of merchandise.
While the number of items in a given store can vary based on the store’s size, geographic location, merchandising initiatives and other factors, Family Dollar typical store generally carries 7,000 basic items alongside items that are ever-changing and seasonally-relevant throughout the year.
Family Dollar Financial Highlights
|S&P Credit Rating:|
|Moody’s Credit Rating:||Ba1|
|Annual Revenue 2016:||$20.72B|
|Annual Revenue 2015:||$15.50B|
|Revenue Growth:||↑ 33.68 2015|
|Units (Jan. 2017)||14,334|
|Average Units Volume:||$1.45M|
Stores under Dollar Tree banner: 6,360 (Jan. 2017)
Stores under Family Dollar banner: 7,974 (Jan. 2017)
Recent Closings for Family Dollar and Similar Tenants