Family Dollar | Top Performing Store (Top 90%)

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3480 W. Pierson Rd.
Flint, MI

Price: $1,265,000

Cap: 9.00%

NOI: $113,850

Building Size: 17,857 SF

Lot Size: 2.14 AC

Investment Highlights

TOP PERFORMING FAMILY DOLLAR (TOP 90% LOCATION)

• This Family Dollar ranks in the top 90% of Family Dollar locations in the country and in Michigan (Placer.ai)

• According to Placer.ai, 75K customers visit this store per year which ranks this Family Dollar 27th out of 297 Family Dollars in the state.

INTERSTATE LOCATION (73,748 VPD)

• The subject property is located directly off Interstate 75 (73,748 VPD) on Pierson Rd (15,135 VPD).

• Surrounding national retailers on Pierson Rd include Home Depot, Kroger, ALDI, Tractor Supply, and more.

5 MILE POPULATION: 116,175

• This Family Dollar is located in a dense residential infill with 116,175 people in a 5 mile radius.

RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE

• This Family Dollar has been operating at this location since 2014 and recently extended the lease for 5 years.

• Family Dollar exercised the first option period in October 2023 which extended the lease through September 2028 and increased the rent 10%.

• There are 4.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.

• This extension and rent increase speak to Family Dollars confidence and dedication to this market & location.

• Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which include only Roof & Structure.

• There are 10% rent increases in each of the remaining four, 5-year option periods.

INVESTMENT GRADE TENANT

• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Don McMinn

678-808-2762 | EMAIL >

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