1450 S Trezevant St

Fortis Net Lease is pleased to present this 9,100-square-foot build-to-suit Family Dollar property located in the growing retail market of Memphis. The asset is secured by a 15-year absolute net lease, providing zero landlord responsibilities, and includes six additional five-year renewal options. The lease structure features a scheduled 5% rent increase beginning October 1, 2027, along with additional 5% escalations throughout each renewal period. The lease is corporately guaranteed by Family Dollar Stores, Inc., which was recently acquired by a consortium of private equity firms including Brigade Capital Management, Macellum Capital Management, and Arkhouse Management in a transaction valued at approximately $1.007 billion. Prior to the acquisition, Family Dollar maintained an investment-grade “BBB” credit rating. Strategically positioned near the intersection of South Trezevant Street and Airways Boulevard, the property benefits from strong visibility to more than 25,000 vehicles per day and is surrounded by a dense retail corridor featuring national tenants such as AutoZone, Walgreens, McDonald's, and Advance Auto Parts. The surrounding demographics are exceptionally strong, with over 615,000 residents within a 10-mile radius and more than 46,000 residents within two miles, supported by average household incomes exceeding $56,000. This offering presents an attractive passive investment opportunity backed by a nationally recognized discount retailer operating in a densely populated and high-traffic commercial corridor.