October 17, 2023 – Michael Mintz of Horvath & Tremblay has successfully completed the sale of a Family Dollar-Dollar Tree in Louisville, Alabama. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,555,770.
The Family Dollar | Dollar Tree is located at 1960 Main Street in Louisville, Alabama. The new construction dual concept Family Dollar | Dollar Tree was completed in 2023. Family Dollar | Dollar Tree has a new 10 year Double Net lease with six (6), 5-year renewal options. The lease features attractive $0.50 per square foot rent increases at the start of each 5-year renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation. Family Dollar | Dollar Tree is well located at the intersection of W Eta Street and Main Street (AL Route 51), the area’s primary commercial and commuter corridor. The Property is positioned in the center of Louisville and enjoys convenient access to AL Routes 130, 20 and 26. Family Dollar | Dollar Tree is one of the only commercial retailers in Louisville and is strategically positioned to meet the needs of the area residents.
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.