American Realty Capital Trust Buys Family Dollar Property in Miami, FL

David Wells

 MIAMI, FL, OCTOBER 31, 2012 A Corporate leased Family Dollar (NYSE: FDO) in Tampa, FL has just been acquired by one of the largest Real Estate Investment Trusts in the Nation and was sold by one of the Southeast Region's largest Developers.

The purchase price was $1,052,000 and represents an 8.4% cap rate. The property is located at 8331 North Nebraska Avenue.

The transaction represents a trend of large institutional players deploying capital back into the real estate market after waiting patiently on the sidelines the past few years.

The buyer, American Realty Capital Trust (NASDAQ: ARCT) out of New York, is one of the largest real estate REITs in the Nation and controls over 507 properties comprising 15.8 million rentable square feet.

American Realty Capital was recently acquired by Realty Income Corp. (NYSE: O) for $1.9 billion.

Kase Abusharkh,

The seller was Sand Dollar, LLC one of the Southeast Region's largest Dollar Store developers.

David Wells, Managing Director of the Wells Net Lease Group of Sperry Van Ness based out of Miami represented the seller. The property is part of a large portfolio being marketing for the seller by Mr. Wells.

David Wells and his Net Lease team were awarded the assignment of selling a $6,000,000 portfolio of Dollar stores for the owner earlier this year. Mr. Wells has become one of the industries leading broker's of Net Lease Dollar Stores in the nation and an expert in the market segment.

Mr. Wells has analyzed, marketed and closed over $150,000,000 of dollar stores over the past 12 months.

"Retail has undergone profound changes over the past few years and the Family Dollar and Dollar General business models have adjusted accordingly,” said Wells.. “The smaller footprint (average 10,000 square feet), increased amount of perishable goods and upgraded stores provide a welcoming alternative for a consumer who is not as comfortable walking into a supercenter the size of a sports arena.

“The net lease structure and investment grade credit (S&P BBB-) of both Family Dollar and Dollar General make the assets attractive for investors.”

Kase Abusharkh, Managing Director of The Kase Group in Danville, California represented American Realty Capital Trust. Mr. Abusharkh has represented the buyer in several transactions over the past few years.

For a complete copy of the company’s news release, please contact:

David Wells

david.wells@svn.com

305-498-6095