| Purchase Price | $1,490,000 |
|---|---|
| Annual Rental Income | $134,100 |
| Cap Rate | 9.00% |
| Lease Term | 5 Years |
| City | Farmville |
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Family Dollar – Farmville, NC
This property is leased to Family Dollar, a prominent national value-oriented retailer with over 8,000 stores across the U.S. Known for its convenient, no-frills format, the chain delivers reliable access to everyday essentials at affordable prices. With a long-term net lease in place, this location offers a passive income stream, minimal landlord involvement, and the stability of a nationally recognized tenant.
Retail Model & Merchandise Mix
Family Dollar provides a comprehensive selection of essential items, including pantry staples, cleaning and household supplies, health and beauty products, baby care, seasonal and holiday décor, party supplies, school essentials, small apparel accessories, toys, and pet goods. Its straightforward pricing and efficient store layout make it a go-to choice for budget-conscious shoppers seeking convenience and variety in one stop.
Net-Lease Structure
The property is secured under a long-term net lease—typically structured as triple-net (NNN) or double-net (NN)—where Family Dollar is responsible for property taxes, insurance, and maintenance. This setup offers landlords a hands-off investment, delivering steady, passive income and shifting most responsibilities to the tenant. Net-leased assets anchored by national credit tenants like Family Dollar are particularly desirable among investors seeking low-risk, passive real estate investments.
Farmville Market & Demographics
Farmville serves as the county seat of Pitt County and acts as a key retail hub for the surrounding rural communities. The town has a population of approximately 10,000, while the larger trade area includes over 30,000 residents, covering nearby townships and commuting zones.
The median household income in the Farmville region is around $42,000 to $45,000. The area comprises families, retirees on fixed incomes, blue-collar and retail workers, students (from nearby educational institutions), and local professionals. With many households operating on modest or fixed budgets, demand for affordable daily necessities is consistently strong—a perfect fit for Family Dollar’s value proposition.
Community Role & Consumer Appeal
Family Dollar offers an essential retail option for Farmville residents by combining convenience, low pricing, and a wide product assortment. The store simplifies shopping with easy budgeting and accessible pricing, supporting frequent repeat visits—especially from families, seniors, and workers. This value-driven format helps ensure steady weekly traffic and solid sales performance.
Tenant Strength & Operational Resilience
Family Dollar is backed by strong brand recognition and corporate support. Its ability to maintain profitability across different markets, including smaller and income-sensitive locations, highlights its operational resilience. By maintaining consistent store standards while adapting limited regional inventory, Family Dollar sustains community relevance and contributes to lease longevity.
Strategic Positioning & Retail Synergy
Typically located on accessible roadways or within small retail clusters, Family Dollar stores benefit from both planned and impulse visits. In Farmville, this location likely serves as a neighborhood anchor, generating regular customer flow and providing spillover traffic to adjacent businesses. Its visibility, convenience, and local relevance enhance its performance as a central retail destination.
Investment Highlights
This Family Dollar in Farmville, NC offers a compelling net-lease investment: a trusted tenant, demographic alignment, recession-resistant retail model, and hassle-free ownership.