Family Dollar | NN Lease Investment

Highlights:

• Traffic Counts – Family Dollar sits along S Forest Ave, a heavily trafficked retail corridor which sees over ±14,000 vehicles per day.
• Corporate Guarantee – The lease is corporately guaranteed by Family Dollar, a publicly traded Fortune 500 company with a S&P investment grade of BBB
• Strong AlphaMap Data: This Family Dollar ranks in the top 70% of all Family Dollar stores in the entire state of Alabama as well as the entire United States, per AlphaMap reports
• Retail Synergy – The property benefits from the presence of several national retailers in the immediate trade area, including Hardee’s, Advance Auto Part, AutoZone, McDonald’s, Jack’s, Subway, Pizza Hut, Dollar General Market, and several others.
• Main State Hwy – S Forest Ave merges into Highway 331, which is a heavily traveled road for vacationers heading from Alabama to the gulf coast of Florida, a very popular vacation destination
• Recession Resistant – Dollar stores are historically profitable and provide stability in times of economic uncertainty compared to standard retailers.
• Increased Cash-flow – 10% rental increases every 5 years provide a strong and stable hedge against inflation and steady return on investment.

Description:

Matthews Real Estate Investment Services is pleased to exclusively offer the opportunity to acquire a fee simple leased interest in a freestanding Family Dollar located at 822 S Forest Ave, Luverne, AL (the “Property”). The Property is strategically located along S Forest Ave, Luverne’s main retail corridor that sees over ±14,000 vehicles per day. Other surrounding retail tenants in the immediate trade area include Hardee’s, Advance Auto Parts, McDonald’s, Jack’s, Subway, Pizza Hut, Dollar General Market and several others.

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