Charlotte, NC - Family Dollar

Description:

• The tenant recently extended their lease for an additional 5 years with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 10% rental increase at the beginning of the remaining option periods, steadily growing NOI and hedging against inflation

• The property is located right off of Interstate 85, which sees over 169,000 vehicles passing by daily and stretches from Alabama to Virginia
• The asset is located less than 4 miles from downtown Charlotte, providing access for customers of all areas of the city
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, ALDI, Food Lion, Planet Fitness, QuikTrip, McDonald’s, Jack in the Box, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site