May 11, 2022 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Family Dollar in Cynthiana, Kentucky. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $375,000.
Family Dollar is located at 204 W Pleasant Street in Cynthiana, Kentucky. Family Dollar has been at this location for over forty years (since 1981) consistently renewing their lease and demonstrating a commitment to this location and the market. Family Dollar has 2 years of term remaining with three (3), 5-year renewal options. The lease features a 10% rent increase at the start of each renewal option. The Property is situated at the signalized intersection of W Pleasant Street (KY Route 36) and Poplar Street and benefits from a central location along Pleasant Street (KY Route 36), one of the area’s primary roadways running through the heart of Cynthiana. The Property benefits from strong visibility, frontage, and access in the center of town and offers convenient access to US Routes 62 and 27, the Harrison County High School, Middle School, and Elementary School, as well as the Harrison Memorial Hospital.
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.