Family Dollar Tree 7029 Mount Morris Rd

ADDITIONAL INVESTMENT OPPORTUNITIES AVAILABLE / PORTFOLIO OR INDIVIDUAL SALE OPTIONS
* See Offering Memorandum Or Contact Listing Broker For More Details.
Marcus & Millichap is pleased to present the newly constructed, corporate, Dual Concept Family Dollar Tree located at 7029 W Mt. Morris Rd in Flushing, Michigan. Family Dollar Tree (Standard & Poor’s BBB STABLE) is operating on an initial 10-year lease with five five-year options to renew. Each option will contain a $0.50 per square-foot rent increase. Family Dollar Tree is subject to a corporately guaranteed double-net lease with limited landlord responsibilities.
Dollar Tree acquired Family Dollar, Inc in July 2015. Together they are considered the nation’s largest small box discount retailer, operating nearly 16,500 stores nationwide (1,200 Combo Stores as of FY 2023). Family Dollar operates under a landlord friendly net-lease structure. As a result, freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity. Family Dollar Tree’s relatively small footprint allows the company to open new stores in rural areas and small towns, as well as in large urban neighborhoods. With the stores uniformly laid out and stocked, store managers are able to focus on providing good customer service. This concept for a self-serve, cash and carry neighborhood discount store in low to middle income neighborhoods.
The subject property is well-positioned on the corner of W Mt. Morris Road and Elms Road, with two ingress/egress points. W Mount Morris Road serves as a direct route to Interstate-75 (73,736 VPD), providing easy highway access and connections to larger nearby markets. There are 315,900 residents with an average household income of nearly $63,000 within a 15-mile radius of the asset.
Flushing is a growing community in Genesee County, strategically located between Flint (nine miles) and Saginaw (26 miles). Flint serves as a regional hub with a significant population base and access to higher education institutions like the University of Michigan-Flint and Kettering University. Both Flint and Saginaw are well known for their manufacturing and healthcare facilities, which provide economic stability to the market.
This Family Dollar Tree provides an investor with a stabilized investment grade asset with limited landlord responsibilities.