Family Dollar for Sale

[Kris Gupta]

Hi All,

I made an offer to buy Family Dollar in December 2019. My offer was just a little less and the Seller accepted someone else offer that time.

2 days back I got the message form seller mentioning that the other buyer is not performing and this deal will be available and they are asking if I want to send my back up offer.

This has 5 year lease remaining and after this there are 4x5 renewal options with 10% increase

My questions are...

1> During the current lease term will Family Dollar continue to pay rent in this market? Can they stop paying or can they ask for rent reduction?
2> What are the chances that after 5 year they will renew the lease?

Thanks
Kris