Matthews Closes $16M Sale of Family Dollar Tree Portfolio

El Segundo, CA-based Matthews Real Estate Investment Services has completed the $16 million sale of an eight-property Family Dollar Tree combo-store portfolio. An unnamed institutional buyer acquired the assets at an aggressive 6.4% cap rate from the developer who was looking to relinquish the properties after completion.

“Having a previous relationship with the seller allowed for a seamless transactional process that achieved both parties’ goals. Closing at a sub 6.5% cap rate was a tremendous win for my client, especially with all of the volatility in the market,” said Matthews SVP Josh Bishop who represented the seller in the deal.

Family Dollar Tree combo-stores are a combination of Family Dollar and Dollar Tree, with nearly 300 locations nationwide. The eight properties sold are in Blountsville and Clayton, AL, Pauls Valley, Warner and Maud, OK, Edison, GA, Lincoln, AR and Coldiron, KY.