May 12, 2023 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Family Dollar in Ashland, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $890,000.
Family Dollar is located at 1305 Cleveland Avenue in Ashland, Ohio. Family Dollar has occupied the 8,000 square foot stand-alone building since it was constructed in 2007. Family Dollar has 2 years remaining on a corporate guaranteed, Double Net (NN) lease with five (5), 5-Year renewal options. The lease calls for scheduled rent increases at the start of each of the remaining option periods. The Property is well located along Cleveland Avenue, one of the primary commercial corridors in the area, and benefits from outstanding visibility and frontage. The Property enjoys convenient access to US Routes 42 and 250 and OH Route 96, the area’s primary commuter roadways. The Property is located on the east-side of Ashland, where the majority of the commercial development has occurred and is within 2.5-miles of Ashland University and several local area schools
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.