March 2, 2023 – Michael Talbert of Horvath & Tremblay has successfully completed the sale of Family Dollar in Jacksonville, Florida. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,150,000.
Family Dollar is located at 8014 Beach Boulevard in Jacksonville, Florida. Family Dollar has been at this location since 2009 and recently extended their lease early, demonstrating their commitment to the site and the market. Family Dollar has 9+ years of term remaining with two (2), 5-year renewal options. The lease includes attractive rent increases in the primary lease term and 10% increases at the start of each option period. Family Dollar is conveniently located at the signalized intersection of Parental Home Road and Beach Boulevard (US Highway 90), one of the area’s primary commercial and commuter corridors. The Property benefits from outstanding visibility, frontage, signage and access and traffic counts as more than 59,000 (70,500) vehicles pass the Property every day along Beach Boulevard (US Highway 90). An additional 11,500 vehicles pass the Property along Parental Home Road. Family Dollar is close to the HCA Florida Memorial Hospital, Interstate 95 and Interstate 295, and is surrounded by other area retailers, all of which drive traffic to the immediate area.
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.