Family Dollar | Birmingham MSA

Investment Highlights

BIRMINGHAM–HOOVER MSA | ALABAMA’S LARGEST ECONOMIC HUB
• The subject property is located in Woodland, Alabama, approximately 95 miles southeast of downtown Birmingham, the largest metropolitan area in the state and the center of the Birmingham–Hoover Metropolitan Statistical Area (MSA).
• The Birmingham–Hoover MSA has a population of more than 1.1 million residents, serving as a major driver of employment, commerce, and consumer demand throughout central Alabama.
• Birmingham’s diversified economy is supported by industries including healthcare, finance, manufacturing, logistics, higher education, and professional services.
• Major employers in the region include UAB Health System, Regions Financial Corporation, Mercedes-Benz U.S. International, and Honda Manufacturing of Alabama, supporting long-term job creation and sustained regional economic activity.

POSITIONED IN THE CENTER OF WOODLAND AT AN INTERSECTION
• This Family Dollar is located along County Road 59 in Woodland, Alabama, serving the surrounding rural communities of Randolph County and nearby residential areas.
• The location provides convenient neighborhood retail access, supporting consistent daily traffic from local residents who rely on value-oriented retailers for essential goods.
• The local economy is supported by a mix of agriculture, manufacturing, small business activity, and public-sector employment, sustaining steady demand for discount retail in the community.
• The store provides essential goods and everyday necessities to residents in Gilbertown and the surrounding rural communities, supporting consistent consumer demand.
• The store is located next to Woodland High School with approximately 278 students and is supported by 15 full-time classroom teachers, generating a steady base of daytime population in the immediate area.

CORPORATE-GUARANTEED LEASE WITH 6 YEARS REMAINING
• The property is leased to Family Dollar Stores under a long-term retail lease with approximately 6 years remaining in the initial term.
• The lease includes five (5), five-year renewal options, allowing the tenant the ability to extend occupancy through the long term.
• The rent increases by $0.50 per square-foot every 5 years in each option period.
• Tenant is responsible for taxes, insurance, utilities, trash, HVAC maintenance and replacement, sign maintenance, routine parking lot maintenance, and landscaping, while landlord is responsible for roof, structure, and parking lot.

NATIONALLY RECOGNIZED TENANT WITH OVER 7,000 LOCATIONS
• Family Dollar is a private, standalone entity following its strategic 2025 divestiture from Dollar Tree, Inc. The brand now operates with the institutional backing of Brigade Capital Management and Macellum Capital Management, focusing exclusively on its high-growth “small-box” retail model.
• The company operates a massive national network of 7,625 locations across 48 states and the District of Columbia, serving as a vital provider of essential goods in urban and rural markets where larger competitors have a limited footprint.
• With 67 years of operational history and 2024 net sales of $13.3 billion, Family Dollar remains a recession-resilient tenant. Its mission-critical retail model drives consistent consumer demand and predictable cash flow for property owners.