May 7, 2021 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of Family Dollar in Baltimore, Maryland. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,910,000.
Family Dollar is located at 5100 Liberty Heights Avenue in Baltimore, Maryland. Family Dollar has occupied the 8,050 square foot stand-alone building since it was constructed in 2012. Family Dollar demonstrated their commitment to the site and the market in 2020 when they extended their lease early. Family Dollar has 5+ 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. Family Dollar benefits from strong traffic counts along Liberty Heights Avenue and sees more than 30,600 vehicles per day. The Property is approximately 3.5 miles from the Maryland Zoo and 9 miles from the University of Maryland which has a student enrollment in excess of 41,000.
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.