September 17, 2024 – Jason Woods and Sean Mullaney of Horvath & Tremblay have successfully completed the sale of a Family Dollar | Dollar Tree in Providence, Rhode Island. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,266,560.
Family Dollar | Dollar Tree is located at 250 Cranston Street in Providence, Rhode Island. The Property was renovated for Family Dollar | Dollar Tree in 2020, and they have 6 years remaining on their Double Net lease with five, 5-year renewal options. The Lease calls for attractive rent increases at the start of each renewal option period. The Property also benefits from a roof warranty with approximately 16 years remaining. The Property is situated along Cranston Street in Providence’s West End neighborhood, and enjoys convenient access to US Route 1, Interstate 95 and US Highway 6. Family Dollar | Dollar Tree is surrounded by densely developed residential neighborhoods providing a built-in customer base. Additionally, the Property is just 1-mile from the heart of Providence’s Central Business District which offers a myriad of high-rise office towers, hotels, restaurants and points of interest including Providence City Hall, the Providence Riverwalk, Providence Place, Providence Station, Providence Performing Arts Center, the Rhode Island Convention Center, the Dunkin’ Donuts Center and Johnson & Wales University.
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.