Pierson, FL - Family Dollar/Dollar Tree

Description:

• Tenant currently has 8+ years remaining on their initial lease with 5 (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

• Strategically along N Center St averaging 8,300 VPD
• With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike
• Close to Pierson Elementary School (490 students) and T. Dewitt Taylor Middle/High School (1,077 students), providing a direct consumer base from which to draw
• The asset has excellent visibility via significant street frontage and a large monument sign