This Family Dollar - Dollar Tree is located in Dadeville, AL, close to Lake Martin, a favorite recreational and second-home community. This store is the fourth prototype store in the U.S. which offers merchandise branded from both Family Dollar and Dollar Tree. The store opened in January of 2021 and unofficially is demonstrating strong sales. It’s location on busy U.S.-280 with traffic counts over 18,000 vehicles per day, contributes to the store’s success. Nearby national retailers include AutoZone, Dollar General, Walgreens, Fresenius and McDonald’s.

Built in 2017, as a former Fred’s discount store, this 16,650 SF store has undergone a total interior and exterior renovation including new flooring, millwork and painting of the interior and replacement of 3 of 4 the HVAC units, exterior painting, new signage and resealing and re-striping of the parking lot. Most of the renovation was overseen and paid for by the tenant, showing a strong commitment to this location. The store sits on a large ±3.34-acre parcel with easy access from the two major highways. Landlord responsibilities are limited to roof, structure, and parking lot - as well as base year amount for city & county taxes and liability & property insurance. The Tenant is responsible for all other maintenance including HVAC, taxes over base year amount and liability insurance.

This essential business offers a 7+ year NN lease with 5 five-year renewal periods, each with a $0.50/SF rent increase. The combined branding of Family Dollar and Dollar Tree enables customers to have an enhanced shopping experience with wider aisles and a greater selection of merchandise. Additionally, this Family Dollar-Dollar Tree offers the investor an attractive 6.7% cap rate, well above most properties of comparable quality along with a strong tenant guaranty.