Family Dollar

Family Dollar is an American variety store chain. With over 8,000 locations in all states except Alaska, Hawaii, Oregon and Washington, 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. In June 2014, activist investor and major shareholder Carl Icahn demanded that Family Dollar be immediately put up for sale.

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

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Parent Company: Dollar Tree
Store Count: 8,000
S&P Rating: BB+

S&P Outlook: Stable

Moody Rating: Ba1

Moody Outlook: Under Review (Possible Downgrade)

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease and Double Net Lease

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate


  • Public Company, Credit Rated
  • Typically Long term leases with increases


  • Low Margin product lines
  • Susceptible to economic trends and pressures
  • Often times located in areas of weak demographics

Market Snapshots:

On Market Ranges:

# of Properties in set: 105

Price: $1,073,290 - $1,344,690Average: $1,233,662

PPSF: $120 - $160Average: $139

Year Built: 1917 - 2018Average: 1997

CAP Rate Range: 6.75% - 8.52%Average: 7.68%

Size range: 1,730 sq ft - 27,853 sq ft Average: 9,159 sq ft

Last 12 Month Range:

# of Properties in set: 103

Price: $1,229,690 - $1,547,960Average: $1,446,688

PPSF: $142 - $179Average: $154

Year Built: 1938 - 2018Average: 2008

CAP Rate Range: 5.99% - 7.80%Average: 6.96%

Size range: 6,600 sq ft - 15,000 sq ft Average: 8,712 sq ft

Family Dollar Company Profile

Headquarters Information

Charlotte, North Carolina

Founded in 1959

Company type: Public

Stock Ticker: DLTR

Parent Company: Dollar Tree

Sector: Services

Industry: Retail, Variety, Discount

# of Employees: 60,000

S&P Rating: BB+

S&P Outlook: Stable

S&P Rating: Ba1

Moody Outlook: Under Review (Possible Downgrade)

Family Dollar Stock Keys

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