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Updated over 6 years ago on . Most recent reply

User Stats

4
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0
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Devin Gladstone
  • Rental Property Investor
  • Boca Raton, FL
0
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4
Posts

New Family Dollar question good or bad

Devin Gladstone
  • Rental Property Investor
  • Boca Raton, FL
Posted

Hi, I am in the process of purchasing a Family Dollar. It's a new building with a good CAP rate in a small town. My only concern is an out clause in the lease that allows it to be cancelled in 5 years if sales don't average a certain amount per month for the 12 months before the end of year 5. Initial sales are 33% off the desired monthly sales but don't include holiday sales. Doe anyone have experience in regard to how long it takes for a Family Dollar to scale store sales and how often new Family Dollars fail?

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