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Family Dollar Properties For Sale 

    



Interested in Purchasing an Family Dollar Property for Investment?

 

If you wish to purchase an Family Dollar property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Family Dollar Properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

 

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Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease and Double Net Lease

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
6% – 7%
Subsidiary
Industry Retail
Founded 1959inCharlotte, North Carolina
Founder Leon Levine
Area served 
United States and Canada
Key people 
Gary Philbin, President CEO
Howard R. Levine,Chairman
Products Clothing, cleaning supplies, home decor, health & beauty aids, pet supplies, toys, tobacco products, seasonal items, and grocery.
Parent Dollar Tree
Slogan My Family. My Family Dollar.
Website www.familydollar.com
  

About Family Dollar:

 

 

Family Dollar  is an American  variety store  chain in the  United States. With 8,100 locations, it is the second largest retailer of its type in the United States. Family Dollar is headquartered in  Matthews, a  suburb  of    Charlotte,  North Carolina, where it employs 1,400 people.[1]  

In June 2014,  activist investor  and major shareholder[2]  Carl Icahn  demanded that Family Dollar be immediately put up for sale.[3] 

On July 28, 2014,  Dollar Tree  announced that it would purchase Family Dollar for $8.5 billion.[4][5]  The sale delivered a windfall to the company's biggest shareholder Carl Icahn, who acquired his 9.4 percent stake in June 2014.[6]  On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.[7] 

Family Dollar was founded in 1959 by  Leon Levine, a 21-year-old entrepreneur. In November of that year, the company's first store was opened, in  Charlotte, North Carolina. In 1961, their first store in  South Carolina  opened, followed by stores in  Georgia  and    Virginia, which were opened in 1962 and 1965, respectively. During the 1960s, the store company was largely a southern United States operation. By 1969, there were fifty stores in Charlotte alone. 

The 1970s were growing years for the store chain. In 1970, Family Dollar's stock went public for the first time, at $14.50 per share. In 1971, the chain's 100th store opened, followed by their 200th in 1974 and their 300th in 1978. Also in 1974, a distribution center was opened in  Matthews, North Carolina. In 1979, Family Dollar stock began trading at the  New York Stock Exchange

In 1981, the chain's 400th store was opened, followed by a 500th store in 1982 and a 700th in 1983. The 1980s saw expansion at a wider scale for the company, and, by 1989, 1,500 stores were operating. 

The 1990s saw the pace of expansion slow down compared to the 1980s, with 1,000 stores opened. The company opened distribution centers in  West Memphis, Arkansas;  Front Royal, Virginia  and    Duncan, Oklahoma. Since 2000, the pace of growth increased significantly, with the addition of about 3,500 new stores, and new distribution centers opening in  Morehead, Kentucky;  Maquoketa, Iowa;  Odessa, Texas;Marianna, Florida; and  Rome, New York

In 2001, Family Dollar joined the  S&P 500  stock market index. In 2002, the company joined the  Fortune 500  list of largest publicly held companies. 

When Leon Levine retired in 2003, his son Howard R. Levine succeeded him as  Chairman  and    CEO, keeping this multi-billion dollar company in the family. 

In March 2005, Family Dollar restated the company's fiscal 2000 to fiscal 2004 earnings per share downward by 2 cents to 3 cents a year, to correct lease-accounting issues.[8] 

As of August 2011, there were 7,000 stores in 44 states. According to their website, in 2005 Family Dollar opened 500 new stores, 350 more in 2006, and an additional 300 in 2007. According to the Company's 2013 Corporate Profile, in 2010 Family Dollar opened 200 new stores, 300 more in 2011, 475 in 2012, and an additional 500 in 2013. On October 3, 2012, Family Dollar said they will open 500 stores in 2013.[9] The next day, Family Dollar partnered with Healthways.[10] Family Dollar operates 11 distribution centers — the latest of which opened in St. George, Utah, on October 16, 2013.

 

 

Family Dollar Properties For Sale Across the United States:

 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming  



 

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