The Family Dollar property benefits from having excellent visibility and accessibility due to its prime location on a major thoroughfare near key highways and the world's busiest airport. Family Dollar has been at this location since 2013, exercised their first option early, with approximately 4 years of lease term left, and 5 x 5 year options with 7.5% increases each option period.
Situated in a busy retail corridor, it benefits from high foot traffic and a diverse customer base. The area’s mixed-income demographics align well with Family Dollar's target market, and the high population density ensures a steady stream of customers, making it a strategically advantageous location.
While there are approximately 4 years left on the lease, we are told Family Dollar would consider closing the store by making a lump sum payment to the landlord.
The area is improving as the average household income within 1 mile is expected to grow by over 22% in the next five years. There are currently over 159,000 people living within 5 miles, with a daytime population over 175,000.