Your portfolio will be comprised of numerous properties across the U.S. and will be growing over time as more REIT shares are sold and more properties are acquired. Our REIT's first property is highlighted below.
About 8500 McCart
This property is occupied by a Family Dollar and is located in Fort Worth, Texas. The building was newly constructed for Family Dollar in 2011, and Family Dollar has operated continuously at this location since then.
Fort Worth, Texas
8,320 ft2 / Lot 74,000 ft2
$11,670 / mo
Family Dollar recently renewed its lease for 5 more years, indicating that it is satisfied with this location. Family Dollar has several more 5-year renewal options.
Family Dollar is a subsidiary of Dollar Tree. Dollar Tree has Investment Grade-rated financial credit and trades publicly under the ticker DLTR.
Fort Worth's population has increased 70% over the last 20 years. Also, Fort Worth has placed limits on the development of new dollar stores, making existing dollar store locations more valuable to dollar store operators such as Family Dollar.
New local law limiting new dollar stores may increase the likelihood that this Family Dollar will further extend its lease beyond 2026.
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