October 16, 2024 – Joe Prisco, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Family Dollar in Marion, South Carolina. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $400,000.
The Family Dollar is located at 505 N Tom Gasque Avenue in Marion, South Carolina. Family Dollar has been at this location since 2001 and has continually exercised their renewal options demonstrating commitment to the site and the market. Family Dollar has 1+ years of term remaining with two (2), 5-year renewal options. The lease features a 10% rent increase at the start of the renewal option. The property received a new HVAC unit in 2022, and Family Dollar renovated their interior in 2023. The Property is situated along Tom Gasque Avenue in the heart of downtown Marion. The Property is one block west of Main Street and is seconds from municipal buildings and is surrounded by Marion’s residential neighborhoods providing a built-in customer base. The Property is 500 feet from NC Route 41, 0.8-miles from US Highway 76, the area’s primary commercial and commuter corridor, and 3.2-miles from US Highway 501. The Property also enjoys convenient access to all of the area schools (less than 2.5-miles). Marion is approximately 85-miles south of Fayetteville, NC and 95 miles west of Wilmington, NC near the North Carolina border.
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.