6501 Ward Blvd
Wilson, NC 27893
Family Dollar · Retail Property For Sale

The subject property is a freestanding Family Dollar store located in Wilson, NC, just east of Raleigh. The 2.09+/- acre lot is ideally located on Ward Blvd (Hwy 301), with average daily traffic counts of 20,000. Family Dollar benefits from the strong population in the immediate area. There are 6,000+ residents in a 1-mile radius and 30,000+ in a 3-mile radius. Family Dollar is signed to a 10-year NN lease that will not expire until March 31st, 2023. Rent is scheduled to increase by 10% at the beginning of each of the five (5) five (5) year renewal option periods. The lease is double net (NN) providing for minimal landlord responsibilities. Tenant is responsible for CAM and HVAC, as well as reimbursing for taxes and insurance. Family Dollar is an American variety store chain in the United States. 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. On July 28, 2014, Dollar Tree announced that it would purchase Family Dollar for $8.5 billion. On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.