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Family Dollar 2360 Maple Ave 11,180 SF Retail Building Zanesville, OH 43701 $1,456,481 CAD ($130.28 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Early Lease Renewal: Family Dollar recently elected to extend one of their lease options early, showing significant long-term commitment to the site
- Nearby Traffic Drivers: The site is ideally positioned within a mile of the region’s largest employer, Genesis Hospital
- Recession Resistant Concept: Family Dollar’s discount store model performs well in all economic cycles, driven by consistent consumer demand
- Strategic Location: The subject property is positioned on Maple Avenue, Zanesville’s busiest north-south thoroughfare, benefiting from exposure
- National Reach: Family Dollar is a nationally recognized discount store operator with over 7,300 locations, providing investors with a reliable
- Private Equity Support: The Family Dollar brand was recently acquired by private equity firms in a ~$1.0B transaction who aim to revamp the brand
Executive Summary
Matt Wallace
License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 85-28-02-10-000 | Improvements Assessment | $435,284 CAD |
| Land Assessment | $232,332 CAD | Total Assessment | $667,616 CAD |
Property Taxes
Presented by
Family Dollar | 2360 Maple Ave
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