July 16, 2021 – Chris King of Horvath & Tremblay has successfully completed the sale of Family Dollar in Erath, Louisiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,028,105.
Family Dollar is located at 1518 Veterans Memorial Drive in Erath, Louisiana. Family Dollar has occupied the 9,180 square foot stand-alone building since it was constructed in 2006 (15 years). Family Dollar has a long operating history at the Property and recently executed their renewal option without any rent concession. Family Dollar has 5+ years of term remaining with four (4) additional 5-year renewal options. The lease features a 10% rent increase at the start of each renewal option period. The Property benefits from an excellent location along Veterans Memorial Drive (LA State Road 14), the primary commercial corridor traversing Erath, LA. Family Dollar is 500 feet from the signalized intersection of Veterans Memorial Drive and Louisiana State Road 89. Erath is located in south-central Louisiana approximately 20 miles south of Lafayette.
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.