November 17, 2022 – Jeremy Black, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Family Dollar | Dollar Tree in Colebrook, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,618,888.
Family Dollar | Dollar Tree is located at 154 Main Street (US Route 3) in Colebrook, New Hampshire. Family Dollar has been at this location since 2006. Due to the tremendous sales volume and strength of this location, Family Dollar has modified their lease, increased the store from 10,000 square feet to 15,000 square feet by taking the remainder of the space in the building (it now occupies 100% of the Property) and rebranding to their new combined Family Dollar | Dollar Tree concept. Family Dollar | Dollar Tree is investing substantial money into a full remodel of the store and has extended their lease for a new 10-year term with four (4), 5-year renewal options. The lease features $0.50 per square foot rent increases at the start of each renewal option. The Property is conveniently located in the commercial downtown area of Colebrook adjacent to the intersection of Main Street (US Route 3) and Park Street (NH Route 145), with visibility, frontage and access on both roadways. Downtown Colebrook serves as the commercial hub for much of the Great North Woods Region as primary roadways from Southern New Hampshire, Maine, Vermont, and Quebec all converge in the center of Colebrook.
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.