- Corporate guarantee Family Dollar in Tax Free state; Texas (NYSE:FDO)
- High Traffic Store with over 142,000 visits annually (Source: Placer.Ai)
- Cross Access with Sunoco gas station
- Limited LL responsibility - Tenant fully responsible for CAM & HVAC
- 5 years remaining on the lease term of the initial 10-year lease
- 10 minute drive-time from downtown Dallas
This 9,180 square foot Family Dollar is situated on 1.53 AC of land in Dallas, Texas. Family Dollar has over 5-years of remaining term on the initial lease term of 10-years. The subject property as built in 2018 with Family Dollar’s larger footprint due to the anticipation of higher sales volumes at this location. This property benefits from dense infill population and proximity to major Dallas highway arteries.
The Dallas-Fort Worth Metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,759,615 according to a March 2022 FRED Economic Data Estimate. Dallas-Fort Worth led the nation in population growth for the past decade (2010-2019), adding 1,349,378 residents to its population. Dallas Business Journal reports Dallas-Fort Worth could see an increase in nearly 1,350,000 residents by 2029 making Dallas-Fort Worth the number one metro in the country for population growth for the second consecutive decade. Overall, Dallas-Fort Worth is the 20th largest metro economy in the world and has a gross metro product exceeding $598 billion. As a result, the Dallas-Fort Worth Metroplex benefits from the 24 Fortune 500 company headquarters and the 43 Fortune 1000 headquarters located throughout Dallas-Fort Worth. Low taxes, a low cost of doing business, and a business-friendly environment continue to drive new job growth and attract new residents to the area.