November 16, 2020 – Chris King of Horvath & Tremblay has successfully completed the sale of Family Dollar in Lone Grove, Oklahoma. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $715,000.
Family Dollar is located at 16738 US-70 in Lone Grove, Oklahoma. Family Dollar has occupied the 8,100 square foot stand-alone building since it was constructed in 2006. Family Dollar has 4+ years remaining on a corporate guaranteed, Double Net (NN) lease with an additional five, 5-Year renewal options. The lease calls for attractive 10% increases at the start of each of the remaining option periods. Additionally, the lease calls for a percentage rent based upon gross sales at this location. Family Dollar is one of the few retail stores serving the greater Lone Grove area and residents rely on this location for groceries, sundries, and general supplies. Lone Grove is a small residential community located approximately halfway between Oklahoma City and Dallas along Interstate 35.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.