Freeport, FL - Family Dollar/Dollar Tree

Description:

• Tenant currently has 7+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by Family Dollar Stores of Florida, LLC
• Guaranteed by Family Dollar Stores, Inc.
• On July 7, 2025, Dollar Tree, Inc. (NASDAQ: DLTR) announced the completion of the previously announced sale of its Family Dollar business segment to Brigade Capital Management, LP and Macellum Capital Management, LLC
• The lease features $0.50/PSF rental increases at the beginning of each option period, growing NOI and hedging against inflation

• The subject property is located at the hard corner intersection of E Main Street (21,000 VPD) and Madison Street
• The site is in close proximity to multiple national/credit tenants including Publix, McDonald’s, Dairy Queen, Taco Bell, O’Reilly Auto Parts, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset has excellent visibility via significant street frontage and multiple points of access