BRAND NEW FAMILY DOLLAR TREE CONSTRUCTION
The Subject Property was constructed in 2023 and boasts the new Family Dollar / Dollar
Tree dually branded prototype. According to Dollar Tree, this new dual branded prototype
is driving on average 20% higher sales than the prior Family Dollar units without Dollar Tree
features. With the success of the combination format, in 2022 Dollar Tree added 500 new or
relocated combo stores and a total of 700 renovations into the combo store format.
HIGHLY PASSIVE LEASE | MINIMAL LANDLORD OBLIGATIONS
The Subject Property is operating under a highly passive corporate guaranteed lease with
minimal landlord obligations. The subject lease offers six (6), fve (5) year options to extend with
rental increases of $0.50/SF in the option periods.
INVESTMENT GRADE CREDIT | FORTUNE 150 COMPANY | RAPIDLY
EXPANDING RETAILER
In 2015, Dollar Tree acquired Family Dollar, now the Fortune #137 company boasts over 16,340 locations
and opened 590 new locations in 2022. Dollar Tree boasts an investment grade credit rating of BBB
with Standard & Poor’s and as of 1/31/2023 Dollar Tree had revenue of $28.33B, EBITDA of $3.00B, and
stockholders equity of $8.75B.
JONESBORO MSA | SECOND LARGEST UNIVERSITY IN THE STATE
The Subject Property is located in Lake City, Arkansas which is a part of the Jonesboro MSA. The Jonesboro
MSA has over 135,000 people and is home to Arkansas State University which is the second largest university
in the state of Arkansas. Jonesboro is the logistical and economic center of Northeast Arkansas.