Just Closed! Family Dollar – Galveston, TX

Net Leased Family Dollar

Galveston, TX (May 9, 2016) –

An 8,400 square foot Family Dollar property in Galveston has sold for an undisclosed amount.

The property is located in the heart of Galveston and has been in the same family for over 70 years.

“Our clients are a local family trust and our goal from the beginning has been to help them with the disposition of this asset. We successfully engaged the tenant to exercise an upcoming option with the full scheduled rental increase. This value is ultimately what allowed us to find the right Buyer and get the property sold,” says McDonald.

The Seller was represented by Jeremy McDonald of KW Net Lease Advisors, a Texas based investment real estate brokerage & advisory firm.

See more locations

 

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.

 

http://www.familydollar.com/

See more about Family Dollar including average trading prices, lease details and cap rates.

KW Net Lease Advisors