Net Leased Family Dollar Sold

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Family Dollar located at 404 West Main Street in Beulaville, North Carolina for $950,000.

The Family Dollar store, with 6+ years remaining on its current term, offers a NN lease requiring minimal landlord responsibilities. This property benefits from healthy demographics within a 5-mile radius, boasting nearly 7,000 residents. It is strategically located in a dense retail corridor adjacent to major retailers like AutoZone and McDonald’s, situated on Main St with 13,500 vehicles passing directly in front of the property daily. Beulaville, NC, sits at the center of four U.S. highways, enhancing its accessibility.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The seller was a West Coast based real estate investment fund and the buyer was a West Coast based investment firm.

Family Dollar is a leading discount retail chain in the United States, operating over 8,000 stores across 46 states. Known for its commitment to providing customers with a wide range of essential products at affordable prices, Family Dollar offers a diverse inventory including groceries, household items, apparel, and seasonal merchandise.

“Net leased dollar stores offer an attractive yield at a low price-point” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman of The Boulder Group, added, “Dollar stores perform exceedingly well in small markets like Beulaville where supermarket presence is limited.”

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