Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
Average Sale Price | $1,500,000 - $2,250,000 |
Average NOI | $85,000 - $150,000 |
Building SF | 6,000 - 8,000 |
Lease Term | 15 Years |
Escalations | Varies |
Stock Symbol | CAPITALCOM:US500 |
Founded as a ‘customer first’ company in 1959, Leon Levine believed in superior customer service and ensuring customer satisfaction. He opened the very first Family Dollar in Charlotte, NC, and never looked back. With most Family Dollar locations having a standard dimension of seven thousand sq. ft., many Family Dollar’s will be found with leasing agreements. Since they are smaller store sizes, many have allowed for expansion into different city and rural markets.
Their architectural design and layout creates quite the shopping experience. One that familiarizes customers to find their favorite items, regardless of which store they visit. In this way, employees and managerial staff alike free up their time. Employees can focus on store operations, and when the need arises, they can provide superior customer service.
Taking the overall idea of self service, and combining the cash n’ carry model for customers in low-mid income communities, Family Dollar became wildly popular. Not to mention because of retailing items of value for typically under two dollars per piece. In fact, they performed so well in 2015 that Family Dollar Inc., and its eight thousand retail properties spanning from MA to CA were acquired by Dollar Tree.
Founded | 1959 |
Headquarters | Charlotte, North Carolina |
Number of Locations | 8,200 |
Revenue | $10.489 B |
Company Website | https://www.familydollar.com |
Key Principal | Gary Philbin |