Family Dollar

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, freestanding, investment grade (S&P: BBB), Family Dollar investment property located in Macon, Georgia. The tenant, Family Dollar Stores of Georgia, Inc., has less than 1-year remaining on its lease with 2 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Family Dollar is one of the nation’s fastest growing retailers with over 8,400 locations across the United States, boasting a strong, loyal consumer base due to its everyday low prices.
Family Dollar has excellent visibility, significant signage, and multiple points of access at the signalized, hard corner intersection of Jeffersonville Road and State Highway 57, averaging a combined 22,200 vehicles passing daily. The asset benefits from its position near multiple points of ingress/egress of Interstate-16 (87,300 VPD), and proximity to downtown Macon. The county is the fourth largest metro in the state with a population exceeding 158,000 residents, and features Mercer University, a private research institution with 9,000+ students enrolled. Furthermore, the site is nearby the Macon Downtown Airport, Navicent Medical Center (637 beds), Piedmont Macon Hospital (310 beds), and Jefferson Apartments (88 units). Family Dollar receives a significant amount of crossover retail exposure from nearby national/credit tenants including Walmart Supercenter, Sam’s Club, Home Depot, Lowe’s, Dicks, Ross, Best Buy, and Kroger. The 5-mile trade area is supported by a population of over 30,900 residents and 28,900 employees with an average household income of $74,498 within 1-mile of the site.