Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Family Dollar asset located in Yanceyville, NC (the “Property”). Located on the corner of Highway 86 and Firetower Rd, the Property consists of an 8,320-square-foot freestanding retail building on 1.25-acres of land. The Property was built-to-suit for Family Dollar as a relocation store in 2014. Family Dollar has operated at this location for 10+ years, and has recently extended for an additional 1-year term.
Family Dollar is one of the nation’s largest chains of dollar stores and has been in operation for over 65 years. Family Dollar operates more than 8,000 locations and employs more than 77,400+ associates in 46 states across the United States. In July 2015, Dollar Tree, Inc. completed its acquisition of Family Dollar Stores, Inc., making it the largest discount retailer by store count in North America and creating an estimated $300 million annual benefit. As of 1/31/2024, parent company Dollar Tree, Inc. reported $30.6 billion in total revenues and currently holds an investment grade S&P credit rating of BBB/Stable.