| Purchase Price | $1,380,000 |
|---|---|
| Annual Rental Income | $124,200 |
| Cap Rate | 9% |
| Lease Term | 4 Years |
| City | Florence |
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Family Dollar – Florence, SC
This Family Dollar property located in Florence, South Carolina, is backed by a long-term net lease with one of the nation’s leading discount retailers. The asset offers passive, predictable income, low management obligations, and the security of a nationally recognized, necessity-based tenant operating in a well-established regional market.
Tenant Overview
Family Dollar, a subsidiary of Dollar Tree Inc., operates over 8,000 stores nationwide. The brand serves communities with a wide range of affordable products, including household essentials, cleaning supplies, groceries, health and beauty items, baby care, seasonal goods, toys, and pet products. With a core focus on convenience and value, Family Dollar stores are staples in working-class and underserved retail areas.
Lease Structure
The property operates under a net lease—typically structured as double-net (NN) or triple-net (NNN)—in which the tenant is responsible for property taxes, insurance, and potentially maintenance. This arrangement offers long-term, passive income for investors, with reduced ownership responsibilities and a dependable revenue stream secured by a national tenant.
Florence Market Overview
Florence is the county seat of Florence County and a regional economic hub in northeastern South Carolina. The city benefits from a diverse economic base that includes healthcare, education, manufacturing, logistics, and retail. Its strategic location at the intersection of I-95 and I-20 enhances its accessibility and positions it as a distribution and service center for the region.
Demographics & Demand Drivers
Florence has a population of approximately 40,000 residents, with a broader trade area extending across Florence County and parts of neighboring counties. The city features a mix of working-class families, retirees, and professionals. Median household income levels are moderate, which supports strong demand for value-driven retail options like Family Dollar.
Retail Function & Consumer Appeal
Family Dollar plays a key role in Florence by providing easy access to affordable essentials for local residents. Its compact format, essential product selection, and low price points make it a regular destination for families, seniors, and everyday shoppers. The store supports frequent visits and steady foot traffic, reinforcing its position as a high-utility retail location.
Tenant Strength & Operational Reliability
As a nationally branded, publicly traded retailer, Family Dollar brings lease security and financial strength to the property. The tenant’s ability to operate successfully in both primary and secondary markets—and to withstand various economic cycles—makes it a reliable income-producing partner. Its essential-goods focus further enhances its resilience and stability.
Investment Highlights