February 20, 2024 – Michael Mintz of Horvath & Tremblay has successfully completed the sale of a Family Dollar-Dollar Tree in Kempner, Texas. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,737,143.
The Family Dollar | Dollar Tree is located at 12128 W US Highway 190 in Kempner, Texas. The new construction dual concept Family Dollar | Dollar Tree was completed in 2023. Family Dollar | Dollar Tree has 9+ years remaining on their Double Net lease with four (4), 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 along US Highway 190, the area’s primary commercial and commuter corridor. Family Dollar | Dollar Tree is one of the only commercial retailers in Kempner and is strategically positioned to meet the needs of the area residents. Kempner is approximately 15-miles west of Killeen and 12 miles east of Lampasas.
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.