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Family Dollar completes $74.7 million sale-leaseback for 47 stores

The portfolio totals 387,945 square feet and spans 19 states, according to JLL and GA Group Real Estate.

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JLL and GA Group Real Estate said they have closed a $74.7 million sale-leaseback tied to a Family Dollar retail portfolio.

The transaction covers 47 retail locations totaling 387,945 square feet across 19 states.

JLL’s Net Lease Team and GA Group Real Estate exclusively represented the seller, FD Retail Properties LLC, and the assets were acquired by an institutional real estate investor.

ConnectCRE said the deal structure is intended to give the retailer financial flexibility while allowing it to keep its operational footprint across the locations.

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