Dollar Tree

Highlights

• Tenant: On July 6, 2015 Dollar Tree completed the acquisition of Family Dollar, creating a combined organization operating 15,479 stores across 48 states & 5 Canadian Provinces as of August 1, 2020 under the Dollar Tree, Family Dollar Tree Canada Brands. Family Dollar is a chain of discount retailers.
• Family Dollar operates under a landlord friendly net lease structure. As a result, freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity.
• With locations across 48 states, Family Dollar retail stores allow investors to evaluate property in metropolitan and rural settings. The typical Family Dollar net lease is 15 years with successive option periods of five (5) years each. The Family Dollar net lease typically requires minimal responsibilities from the landlord, limited only to roof & structural maintenance while the tenant is responsible for insurance, taxes and all other maintenance and repairs.
• Recently, Family Dollar has offered sale leaseback with 15-year NNN leases along with build-to-suit programs that are structured as 15-year absolute NNN leases with 10% rent increases in year 10 or every five (5) years.
• In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina, and was on his way to becoming a retailing legend. Leon Levine believed he could offer his customers a variety of high-quality, good value merchandise for under $2. The concept is a simple one, "The customers are the boss, and you need to keep them happy."
• The average size of a Family Dollar store is between 6,000 and 10,000 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the company to open new stores in rural areas and small towns, as well as in large urban neighborhoods. A general floor plan used in each of the stores allows customers to easily shop for their favorite products in any Family Dollar store. With the stores uniformly laid out and stocked, store managers are able to focus on providing good customer service. This concept for a self-serve, cash-and-carry neighborhood discount store in low to middle income neighborhoods proves so successful that today Family Dollar is a chain with over 8,000 stores from Maine to California.

Description

Dollar Tree is a prime retail property located at 7111 W. McCormick Road in Amarillo, Texas. This exceptional property is now available for sale, offering an excellent investment opportunity for those in the retail industry. Situated in a high-visibility area, this property boasts a strategic location with easy access and ample parking. With its prominent position, it attracts a steady flow of customers, ensuring maximum exposure for any business. This property is ideal for retailers looking to establish or expand their presence in the area. The Family Dollar Dollar Tree property features a well-maintained building that provides a spacious and inviting retail space. With its modern architecture and attractive curb appeal, it creates a welcoming atmosphere that appeals to both local residents and passersby. This property is surrounded by a growing community with a strong consumer base, providing a favorable market for businesses. The area also benefits from its proximity to major highways and residential neighborhoods, increasing the potential for increased foot traffic and customer convenience. If you are searching for a retail property that offers an exceptional location and tremendous potential, look no further than the Family Dollar Dollar Tree at Farm to Market Road 2381 in Bushland, TX. Don't miss out on this outstanding investment opportunity. Contact us now to learn more and schedule a viewing.

Located in the rapidly growing area of Interstate 27 & McCormick road between Canyon & Amarillo, Texas. Great location to own a Dollar Tree, this store is not in a box located in between two rapidly growing communities.

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