July 24, 2024 – Kenneth Salute, Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a Dollar Tree in Fort Myers, Florida. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,150,000.
The Dollar Tree is located at 9061 College Parkway in Fort Myers, Florida. Dollar Tree has been at this location since 2016 and has 2+ years remaining on their double net lease with two (2), 5-Year Renewal Options. The lease features attractive rent increases at the start of each of the renewal option periods. Dollar Tree is well positioned at the signalized intersection of South Pointe Boulevard and College Parkway, one of the area’s primary commercial and commuter corridors which sees more than 56,000 vehicles per day. The Property enjoys outstanding visibility and frontage and has several points of entry and egress along two roads, allowing for excellent accessibility. The Property is 0.4-miles from McGregor Boulevard (SR 867) and 1.2-mile from the signalized intersection with S Cleveland Avenue (US Route 41). The Property is surrounded by national retailers and restaurants that drive traffic to the area. The Property is also within 3-miles of three prestigious country clubs, and several area schools. Additionally, the Property is surrounded by densely developd residential neighborhoods that provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.