December 30, 2022 – Chris King, Hannah Merson, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Family Dollar-Dollar Tree Center in West Point, Mississippi. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $975,000.
The Family Dollar | Dollar Tree Center located at 26591 E Main Street in West Point, Mississippi. The Property includes a 26,151 square foot building on a 1.59-acre corner parcel. The retail center was originally constructed in 1968 and is being completely renovated to accommodate a Family Dollar | Dollar Tree dual-concept store. Family Dollar | Dollar Tree signed a new 10-year lease with four (4), 5-year renewal options. The lease features a corporate guarantee and attractive rental increases every five years throughout the base term and at the start of each renewal option. Family Dollar | Dollar Tree will occupy 16,473 square feet in the center and the owner will master lease the remaining 9,678 square feet for ten years upon close of escrow. The Family Dollar | Dollar Tree Center is situated at the signalized intersection of E Main Street (MS Route 50) and Cottrell Street in the heart of downtown West Point. The Property enjoys outstanding frontage, visibility, and access along one of the city’s two primary commercial corridors. The Family Dollar | Dollar Tree Center is close to the other national retailers in the area and is less than 2-miles from West Point’s elementary, middle, and high schools. Additionally, the area is home to several manufacturers including B&W Power Generation Group, Navistar, Litco Steel, and Fabricators Supply.
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.