Infill Texas Family Dollar - No Competition 6154 Ramey Ave

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present a strategically located Family Dollar located at 6156 Ramey Avenue in Fort Worth Texas. In 2023 the tenant negotiated an early extension to their lease term for 7 years and even added an option period showing their commitment to this unique location off the highway. The property was built in 2003 specifically for Family Dollar and currently has 6.5 years of term remaining with 3-Five Year extension options 10% increase at each option. With an impressive 20-year operating history, Family Dollar has established a track record of successful operations and tenant reliability at this location.
Placer.AI ranks the subject property’s location in the top 42% of Family Dollar’s in Texas and top 44% in a 5-mile radius. Adjacent to the subject property the Louisiana Fried Chicken drive-thru ranks as the #1 location in the entire state of Texas as well as adjacent freeway Chase Bank ranking in the top 20% in the state of Texas. These surrounding tenants and metrics strengthen the subject properties continued flow of local and potential customers further contributing to the long-term success of the location.
The investment is further strengthened by a corporate lease with Family Dollar, Inc., which is an investment-grade subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR) and holds a favorable S&P rating of BBB in 2024. Family Dollar, Inc. is the largest dollar store chain in the United States, boasting an impressive network of 15,500+ locations. The company achieved record-setting net sales of $26.3 billion in 2021 and was ranked #137 in the prestigious Fortune 500 list in 2022.
The subject property boats strong and desirable characteristics given its location at the signalized intersection of Ramey Avenue and E Loop 820 S, a highly traveled Highway. Notably, this Family Dollar has an impressive freeway pylon sign off the 820 Highway off-ramp and benefits from exposure to over 97,000 Cars Per Day. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the tenant’s success in serving the local market. The surrounding population of 235,060 people have an average household income of $82,254 in a 5-mile radius spending on average $62,389 on retail per year.