July 18, 2022 – Hobart Hare and Stephen Girolamo of Horvath & Tremblay have successfully completed the sale of Family Dollar in Pollock, Louisiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,310,000.
Family Dollar is located at 8016 Ridge Street in Pollock, Louisiana. Family Dollar has occupied the 8,800 square foot stand-alone building since it was constructed in 2020. Family Dollar has 7+ years remaining on a corporate guaranteed, Double Net (NN) lease with an additional six, 5-Year renewal options. The lease calls for attractive 10% increases at the start of each of the remaining option periods. The newer construction Property is well located along Ridge Street (US Highway 165), the area’s primary commercial and commuter corridor, and benefits from close proximity to the area’s municipal buildings. Family Dollar is one of the few retail stores serving the greater Pollock area and residents rely on this location for groceries, sundries, and general supplies. Pollock is a small residential community located in central Louisiana approximately 12-miles from Alexandria, and approximately halfway between Shreveport and Lafayette along Interstate 49.
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.