Recession is not always a bad event. In 2008, Family Dollar reached $6.9 billion in sales and its stock rose almost 40%. This is an example of the recession-proof benefits of owning a "Family Dollar"- leased property.
In 2009, Family Dollar Stores, Inc, (NYSE: FDO) reported that net sales for the third quarter ending May 30, 2009, increased by 8.2% to approximately $1.84 billion. Comparable store sales for the third quarter increased 6.2%. The Company had 6,654 stores as of May 30,2009, including 26 new stores opened during the quarter.
Given this news, "Family Dollar - leased properties are now in high demand. The positive news regarding Family Dollar's credit and market-leading performance has been extremely well received among the investment community. Investment groups are targeting properties like yours!
If you are curious as to what your property is worth, we offer a FREE, no obligation evaluation of your store. Call me today!
Dave Medendorp
ALT Realtors
4265 Grand Haven Rd
Suite 100
Muskegon, MI 49441
(231) 798-6430
(231) 206-3367
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