303 E Main St
Wilmington, OH 45177
Family Dollar · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer a Family Dollar, located at 303 East Main Street in Wilmington, Ohio. The Double-net (NN) lease has over five years remaining on the lease with four, five-year option periods with 10 percent rent escalations. The subject property is 8,000 square feet and is situated on a 0.25-acre lot located along East Main Street. With over 8,300 stores in 46 states and the District of Columbia, Family Dollar is the nation' s second largest dollar store. The company also operates nine distribution centers that are each over 900,000 square feet. Family Dollar targets consumers shopping for a family earning less than $40,000 a year. Consumables (food, health, beauty aids, and household items) account for about two-thirds of sales. Family Dollar also sells apparel, shoes, and linens. Family Dollar stores are low-format and are located in low and middle-income rural and urban areas. Most goods and groceries (national brands, Family Dollar private labels, and unbranded items) are sold at a variety of discounted prices, most which are under $10. For the fiscal year ending August 2014, sales were $10.49 billion and net income was $284 million. In July 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $19 billion. Both brands will continue to operate separately.