Buying a Family Dollar Location:
Public/Private: Public
Stock Symbol (if applicable):
FDO
=S & P Credit Rating: N/A
# of locations: 6600+
Family Dollar (FDO) is based in
Matthews, NC, just outside of
Charlotte. With over 6,600
stores in 44 states, Family
Dollar is the second largest
smallbox discount retailer in
the nation. 2009 was good to
Family Dollar, as the company
posted record profits while
opening 180 new locations.
Family Dollar stores generally
range in size from 7,500 to
9,500 square feet with property
size averaging about an acre.
Family Dollar is one of the most well known
Dollar Stores in the retail
industry, when this store first
began in 1958 the values were
completely the same as they are
today. The only difference would
be the price! Believe it or not
when Family Dollar was first
made, entrepreneur Leon Levine
planned on making sure families
would pay no more than $2 per
item. This wholesale technique
gained a lot of customers.
From 1958 to now you will see an
entire world of changes. When
the 70’s arrived family dollar
started to make some of its
biggest moves, the company was
publically traded and opened its
100th store and in
1977 Family Dollar broke its own
records and exceeded sales of
$100 Million in that year alone.
From that point on Family Dollar
has steadily continued to grow
and the company is constantly
improving itself for the future.
If you need any help with
finding more information about
Family Dollar feel free to
contact us at any time. We would
be more than happy to help you
with finding information on a
lease with this company.
Our Take:
Family Dollar is a solid tenant
for a single tenant triple net
lease property. We believe that
discount retailers are a good
investment, and they will
continue to grow and strengthen
as they economy slowly starts to
turn around.
