Family Dollar, the fastest growing discount store chain in the United States, had previously executed a lease with another developer for a new 9,000 square foot store in Orlando, FL. The store was to be a design build based on the latest Family Dollar prototype model. The previous developer ran into financing difficulties and was unable to start the project.

Tobin Development stepped in, acquiring the site from the previous developer and renegotiating the lease with Family Dollar. They then successfully completed the store construction on time and within budget. Subsequently, Tobin Development sold the property in the single-tenant net lease market.

This transaction showcases Tobin Development’s ability to navigate challenging situations, finding solutions that benefit all parties involved – the previous developer, Family Dollar, and the end investor.