Description:
The subject property is a brand new Family Dollar Store located in Jeanerette, Louisiana. The store is currently under construction and should have a delivery date of November/December 2009. Family Dollar was the top performing company in the S&P 500 index in 2008 and the nation's #2 chain of variety stores operating in 44 U.S. states. The chain operates about 6,617 stores (as of Nov. 2008) which generates more than $6.92 billion in sales. Family Dollar has added 2,100 stores in the last 5 years with 300 new stores being added since last year. The company was founded in 1959 and is headquartered in Charlotte, North Carolina.
This opportunity offers investors an above market return with a national credit tenant.
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Investment Highlights:
Top S&P 500 performing company in 2008
Corporate guarantee - $1.4 billion net worth
Brand new construction; November/December 2009
Strong rural location
Financing Summary:
All cash
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