The subject property is a new ALCO Discount store located on Central Avenue (Hwy 20) in the heart of Blountstown, Florida. Nearby traffic generators include Piggly Wiggly Market, Blountstown Drugs, McDonald’s, Subway, Movie Gallery & Family Dollar. Larger employers in the area are Calhoun Correctional Institute, Shelton Trucking SVC Inc, Pride of Florida Print, Parthenon Healthcare, and Blountstown Health Center. Blountstown is a bedroom community to Tallahassee (40 miles west) and Panama City (40 miles northeast). ALCO is a deep-discount retailer serving smaller communities in 23 states. ALCO is publicly held and operate 264 stores. ALCO maintains relationships with larger retail companies such as Bass Pro Shops and Radio Shack, to distribute their products to smaller, underserved markets.

Tenant: Duckwall - ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc is a regional retailer that specializes in offering an exceptional product selection at reasonable prices to smaller underserved communities throughout the central Unites States. Founded in 1901, the Company began operations as a variety store or dime store. Stores average 20,000 sf more than double the size of other deep discount competitors. The Company’s strategy is to identify and open stores in towns that will provide the highest return on investment. The Company operates 264 stores in 23 states in the central United States. The Company targets smaller markets not served by other regional or national full-line retailers to provide the most convenient access to retail shopping. Ideal markets are one’s with population of less than 5,000 and trade area of under 20,000. Stores carry 35,000 name brand items including apparel, automotive, candy, crafts, domestics, electronics, furniture, hardware, health and beauty, housewares, jewelry, music, sporting goods and toys. The Company has licensing agreement with large retailers like Radio Shack and Bass Pro Shops to sell their products in these smaller markets.