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INVESTMENT HIGHLIGHTS
LEADING NATIONAL DISCOUNT RETAILER The Lease is guaranteed by Family Dollar Stores, Inc., a leading discount retailer with 8,384 stores in 48 U.S. states. Family Dollar is a wholly-owned subsidiary of Dollar Tree, Inc., a publicly-traded entity rated BBB/Stable by S&P Global Ratings. As of 2/2024, Family Dollar reported annual revenue of $13.8 billion - 45% of Dollar Tree’s system-wide revenue of $30.6 billion.
PASSIVE NET LEASE STRUCTURE The Lease provides 100% reimbursement by Tenant for all operating expenses, including roof and structure. Landlord obligations are limited to structural portions of the premises, which are insured by existing warranties.
STRONG TRAFFIC COUNTS The intersection of West Street and Douglas Ave sees an average of 18,000 vehicles per day.
RECENT LEASE EXTENSION Family Dollar has executed the first 5-year lease extension term to commence October 1, 2024, retaining six 5-year renewal options, demonstrating a commitment to the location.
LOW VACANCY MARKET Wichita has a vacancy rate of 4.1%.
STABLE MARKET Wichita is projected to grow at an annual rate of more than 1% over the next five years.
