Family Dollar (Richmond)

THE OPPORTUNITY

• NN Lease
• Family Dollar Corporate Lease – NASDAQ: DLTR
• Credit Rating: S&P: BBB-, Moody’s: Baa2
• Current term expiration of 12/31/25
• Categorized as Essential Retailer
• Pandemic and Recession Proof
• Rare opportunity to invest in a Family Dollar in Richmond, VA
• Family Dollar operates 8,200+ locations and 14,800+ combined locations under DLTR in 48 states
• No rent relief requested throughout 2020
• 10% Rent escalations in the Lease Options
• Two 5-year options
• LL Responsibilities
• Roof, Structure, parking lot replacement
• Low Price Point under $2mm

THE HIGHLIGHTS

• Property is located on the primary commercial corridor in the Richmond, VA market
• Strong traffic counts with over 22,907 cars daily
• Centrally located within the Richmond MSA
• Close proximity to Interstate 64 and Interstate 95, 2.2 miles
• Strong demographics
• 1 Mile Population: 13,043
• 3 Mile Population: 98,486
• Constructed in 2005
• Population within 5 miles is 234,078
• Great visibility and access from Laburnum Ave
• Access of E Laburnum Ave and Waddey St
• An abundance of parking with 32 total parks