Family Dollar
Baskersfield, CA
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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S&P Outlook: Stable
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
Positives:
- Public Company, Credit Rated
- Typically Long term leases with increases
Negatives:
- 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 Similar Tenants
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
Family Dollar Stock Keys
| Title | 2017 | 2016 |
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