Family Dollar 60 Mike Parra Rd 10 500 pi² Commerce de détail Immeuble Columbus, MS 39705 1 572 965 $ CAD (149,81 $ CAD/pi²) 10,25% Taux de capitalisation

Highlights: Former Family Dollar store in Columbus, MS which was closed in 2024. There are still 6 years of remaining lease term (6/30/2031). An opportunity exists (subject to change) to negotiate a lease buy out with Family Dollar to reduce the basis in the property.
Transwestern National Net Lease | Sale Leaseback Group is pleased to present a 2021 newly constructed dark Family Dollar store located three miles from the entrance to Columbus Air Force Base in Columbus, Mississippi. Although the store was closed in 2024, the current lease runs through June 30, 2031. As of May 2025, an opportunity exists for a buyer to potentially negotiate an upfront lease buyout being offered by Family Dollar. Negotiating a buyout now provides a buyer with a lump sum cash settlement to assist in releasing or redeveloping the Property. Alternatively, a buyer can continue to collect the base rent and real estate tax and insurance reimbursements from Family Dollar while marketing the property for lease or re-sale.
As mentioned above, this former Family Dollar property was brand new construction four years ago and sits approximately three miles from the entrance to Columbus Air Force Base and less than eight miles north of downtown Columbus. The City of Columbus has a total population of 23,616 per DataUSA and Columbus Air Force Base boasts a total population of 2,697 with more than half being active-duty military personnel. According to the Base’s web site, the economic impact of the Base for the community is more than $300 million per year. The Base provides a built-in customer base for those driving to and from the Base on a daily basis as well as those traveling along U.S. Highway 45.
Columbus, Mississippi is the county seat of Lowndes County and is along the eastern border of Mississippi less than 11 miles from the Alabama border. Columbus is 63 miles northwest of Tuscaloosa, Alabama and has a current population according to DataUSA is 23,616. Columbus is home to Mississippi University for Women, the charming Historic Downtown District with specialty shops, restaurants and historic buildings and provides a rich cultural and historical heritage and much more.
Family Dollar is currently a wholly owned subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR) having been acquired by Dollar Tree in July 2015. Dollar Tree however is in the process of spinning off all the Family Dollar branded stores to the private equity firms of Brigade Capital Management and Macellum Capital Management, for a purchase consideration of $1.007 billion. The closing of the sale is still subject to satisfaction of customary closing conditions, including receipt of U.S. antitrust approval. The sale is anticipated to close by mid-year 2025. As of May 2025, according to Scrapehero.com, Family Dollar operates between 7,587 stores nationwide. The Family Dollar headquarters will remain in Chesapeake, Virginia.