December 15, 2021 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of Dollar Tree in Greenville, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,153,000.
Dollar Tree is located at 594 W Marion Road in Greenville, South Carolina. Dollar Tree has occupied this building since its construction in 2017 and has over 5 years of term remaining on their double-net lease, followed by three (3), 5-year renewal options. The lease features attractive rental increases of 3.5% at the beginning of each renewal option. Dollar Tree is situated adjacent to a Walmart Supercenter and just off of White Horse Road (US Route 25), one of Greenville’s primary commercial corridors with more than 32,000 vehicles per day. The Property is surrounded by other national retailers drawing traffic to the area including Aldi, Ingles, Applebee’s, Planet Fitness, and several other quick service restaurants.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.