January 4, 2022 – Kyle Danielson, Luke Thomson, Dan Bernardini, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Family Dollar in Naples, Maine. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,625,000.
Family Dollar is located at 457 Roosevelt Trail in Naples, Maine. Family Dollar has occupied this building since its construction in 2015 and has 8+ years of term remaining on their Absolute NNN lease, followed by six (6), 5-year renewal options. The lease features an attractive 10% rent increase at the start of year 11 and at the start of each of the six renewal options. Family Dollar enjoys outstanding visibility, frontage, and access along Roosevelt Trail (US Route 302), the primary commercial and commuter corridor travelling through Naples. Family Dollar is ¼-mile from the intersection of Roosevelt Trail and Poland Spring Road/Casco Road, which provides direct access to Lewiston, ME. US Route 302 originates in Portland, ME and travels through Naples, ultimately terminating in Montpellier, VT.
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.