April 20, 2021 – Brendan Conway, Pete Butler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Family Dollar in Winnsboro, South Carolina. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $534,100.
Family Dollar is located at 661 South Main Street in Allendale, South Carolina. Family Dollar has occupied the 9,180 square foot stand-alone building since it was constructed in 2005. Family Dollar has a long operating history at the Property and in February 2020 elected to preemptively extend their lease. The current lease term has 5+ years remaining and is followed by six, 5-year renewal options with rental increases at the start of each option period. Along with their recent lease extension, Family Dollar elected to invest $150,000 in the site to remodel the store to their newest prototype.
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.