November 20, 2020 – Drew McElligott and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Family Dollar in Avery, Texas. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,104,214.
Family Dollar is located at 209 US Highway 82 in Avery, Texas. Family Dollar has occupied the 8,353 square foot stand-alone building since it was constructed in 2015. Family Dollar signed a brand new, 15-year Absolute Net Lease in 2015 that currently has over 9 years of term remaining and is followed by six, 5-year renewal options. The lease features a 10% rent increase in October 2025, and additional 10% rent increases at the start of each option period. The Property is strategically positioned along US-82, in the center of Avery. Less than one-mile from Avery High School and several churches, Family Dollar is the primary shopping destination for day-to-day necessities of area residents with no competing dollar stores in town. The Property benefits from its central location along US-82, the primary highway traversing Avery, TX. Avery is located in Northwest Texas, 48 miles west of Texarkana and approximately 2 hours northeast of Metro Dallas-Fort Worth.
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.