Average Sale and Lease Details
Price Range 12mo avg: | $1.33M – $1.56M |
---|---|
$/sf 12mo avg: | $150.00 |
CAP Rate 12mo avg: | 7.21% |
NOI average: | $102383 |
Lease Terms: | 15yrs |
Typical Lease Type: | NNN |
Building Size avg: | 8712 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 |
---|---|
Net Income | $5.22M |
Units (Jan. 2017) | 14334 |
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