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INVESTMENT HIGHLIGHTS
Bite-Sized Deal The Property represents a sub one million dollar Family Dollar investment opportunity. This offers a low price point opportunity to acquire a property with an investment grade guaranty on the lease.
Best-in-Class Tenant with Investment Grade Parent Family Dollar is one of the nation’s largest chains of dollar stores with over 8,000 locations and 77,400+ employees in 46 states. Family Dollar is a wholly-owned subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR). Dollar Tree holds an investment grade S&P credit rating of BBB/Stable and in FY 2024, the company reported total revenues of $30.6+ billion.
Excellent Access and Visibility Along Primary Thruway The Property features excellent access and visibility along U.S. Route 80, an east/west highway that runs through the entire Southeast United States. U.S. Route 80 is also a primary thruway for this area of Louisiana, and the Property’s strategic positioning along the highway helps to drive consumers into the site and gives the underlying real estate inherent value.
Below Market Rent in Low Vacancy Rate Market Family Dollar is currently paying a rent PSF of $8.47. While, the average rent PSF for this retail market is $18.87. Additionally, the current retail vacancy rate for this market is 0.7%, while the national average is around 4.10%.
Proximity to Interstate 20 The Property is located one mile south of the on/off ramps for Interstate 20, a major highway system that runs from Scroggins Draw, Texas to Florence, South Carolina, and also serves as one of the primary thruways for this area of Louisiana. With a VPD count of around 40,000, the Property’s close location to this highway allows Family Dollar to take full advantage of the travelers and commuters who pass through the trade area.
Ideal Dollar Store Demographics The surrounding demographics of the Property are ideal for discount retailers such as Family Dollar. The lower-than-average household incomes correspond nicely with the price point of Family Dollar’s products, and the more rural population demonstrates the need for a discount variety store given the limited competition within the market.
Strategic Location Across From Simsboro School The Property is strategically located right across the street from Simsboro School. This drives store traffic from students and their families alike.
