Colliers is pleased to offer qualified investors the opportunity to acquire a seasoned, single-tenant net leased corporate Family Dollar, in the Columbia, South Carolina MSA. In December 2023, Family Dollar exercised its second and third option period and extended the term through December 31, 2033, displaying firm commitment to this location. This Family Dollar has operated successfully at this location since its inception in 2008. The store has recently undergone an interior renovation at the sole expense of the tenant, further displaying commitment to this location. Family Dollar, which was acquired by Dollar Tree in 2015, has an investment grade credit rating of BBB by S&P and is publicly traded on NASDAQ under the ticker DLTR. In total, Dollar Tree has +/- 16,774 stores. Ranked 137 on the Forbes list, Dollar Tree employs over 200,000 people with stores across 48 states and five Canadian provinces. Given their low-cost items, this concept is critical in the current high inflation environment.
The subject property benefits from being located within the Columbia MSA, 2nd largest MSA in South Carolina, with a population of +/- 829,000 residents. Swansea benefits from being centrally located to Columbia and Greenville as it sits on major transportation routes such as U.S. 231. Residents and visitors explore recreational spots like Congaree National Park, which set a record of 250,000 people in 2023. The largest employer in Swansea is Nucor Building systems, a metal building system manufacturer. Swansea is approximately a forty (40) minute drive time to Columbia.