Here, we look into Dollar Tree‘s planned construction amid the discount stores’ recent time in the news spotlight.
Dollar Tree, of course, compromised the integrity of its name when in November 2021 the store announced that it would raise prices from its traditional $1.00 to $1.25. Dollar Tree founder Macon Brock wrote in his 2017 autobiography that all of his stores’ products being $1 was essential to his company identity, and changing the price would relegate the company to the status of “just another discount retailer.”
Of course, even and especially because of this price hike, Dollar Tree isn’t just another discount retailer. Its brand is widely recognized, and many have depended upon its relative affordability to get by.
Formerly known as Only $1.00, the discount retail chain carries nearly everything under the sun, from toys and decorations to home goods and books, and they do it at multiple price points. Additionally, many stores have expanded to offer frozen foods, as well as other cold storage, snack, and pre-made meal items.
Despite experiencing what many would lament as a bad news cycle, though, Dollar Tree seems to have been particularly active when it comes to new and renovation projects in 2021. As of 1/3/22, BuildCentralis tracking 47 Dollar Tree projects in planning or under construction with updates at or after 10/7/21.
Here are a few sample project reports for planned and under-construction Dollar Tree projects:
Dollar Tree Tenant Improvement
| Project Type/Size: | Retail (17,937 sq-ft) |
| Construction Type: | Renovation, Flash Projects |
| Estimated Value: | < $1 million |
| Sector: | Private |
| Location: | West Helena, AR 72390. 826 N Sebastian St |
| Details: | Plans call for the tenant improvement of a one-story, 17,937-square-foot retail building for Dollar Tree. |
| Stage: | Groundbreaking |
| Construction Start: | 1/2022 |
| Construction End: | Q2/2022 |
| Bid Due Date: | N/A |
Dollar Tree Buildout
| Project Type/Size: | Retail (11,156 sq-ft) |
| Construction Type: | Renovation |
| Estimated Value: | $1-$5 million |
| Sector: | Private |
| Location: | Fairhope, AL 36532. 101 S Greeno Rd |
| Details: | Plans call for the tenant buildout of an 11,156 square-foot commercial space for a Dollar Tree store. |
| Stage: | Planning (Active) |
| Construction End: | N/A |
| Bid Due Date: | 12/14/2021 6:00 PM. The pre-bid job walkthrough is 12/14/21. |
Dollar Tree Build-Out
This Dollar Tree build-out’s ConstructionWire report includes the project’s plans and specs, which are available for some projects on an as-is basis.
| Project Type/Size: | Retail (11,148 sq-ft) |
| Construction Type: | Renovation, Flash Projects |
| Estimated Value: | $0.251 million |
| Sector: | Private |
| Location: | Petal, MS 39465. 100 Mississippi 42 |
| Details: | Plans call for a 11,148-square-foot build-out for a new Dollar Tree. |
| Stage: | Groundbreaking |
| Construction Start: | Q1/2022 |
| Construction End: | Q2/2022 |
| Bid Due Date: | N/A |
Dollar Tree, whose subsidiary Family Dollar itself has, according to ConstructionWire, 47 projects in planning or under construction in the United States with updates after 1/1/21, is headquartered in Chesapeake, Va. As such, it’s no surprise that most Dollar Tree construction is set to take place in the southern and midwestern United States.
In a statement, Dollar Tree president and CEO Michael Witynski brushed away concerns that the price change came in response to U.S. inflation, saying that the the new price point is permanent and unrelated to short-term market conditions.
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