8293 NC Highway 87
Reidsville, NC 27320
Family Dollar · Retail Property For Sale

The subject property is a freestanding Family Dollar store located in Reidsville, NC, just north of Greensboro. The 8,000+/- square foot store is ideally located on Highway 87, with average daily traffic counts of 7,000+. Family Dollar benefits from the 6,000+ residents in a 3-mile radius and the limited competition with no Dollar General or Family Dollar within five (5) miles. Rockingham Community College and the Rockingham County Courthouse are both located less than 3/4 miles from Family Dollar. Family Dollar is signed to a 10-year NN lease that will not expire until January 31st, 2022. 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.