FAMILY DOLLAR

INVESTMENT HIGHLIGHTS

• Providence MSA – With nearly 83,000 residents, Cranston is the second largest city in the state of Rhode Island and is located just outside of the heart of Providence which is the state capital.
• Strong Investment Grade Credit Tenant – This is a corporate-backed lease with an S&P investment credit rating of BBB and Moody’s Baa2. Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second-largest discount retailer in the United States with more than 15,500 locations combined.
• New Roof – The roof of this location was just replaced in October of 2023 and will carry a 15 year warranty.
• Long Term Lease – There are ±5.5 years remaining on the initial 10 year term.
• Net Lease – This lease requires minimal landlord responsibilities, ideal for an investor looking for a passive and secure stream of income.
• Nearby National Tenants – Along with a strong mix of local and regional businesses, some nearby national tenants include Walgreens, 7-Eleven, O’Reilly Auto Parts, VCA Animal Hospital, Dairy Queen, Dunkin’, CVS, Stop & Shop, Dollar Tree, TD Bank, Chase Bank, and many more.