May 13, 2025 – Brendan Conway, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Family Dollar in Ashland, Ohio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $960,000.
Family Dollar is located at 1305 Cleveland Avenue in Ashland, Ohio. Family Dollar has occupied this build-to-suit location since 2007 and recently exercised their first renewal option demonstrating their commitment to the site and the market. Family Dollar has 5+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. Family Dollar is positioned along Cleveland Avenue, adjacent to the intersection with Middle Rowsburg Road. The Property enjoys excellent frontage and visibility and is seconds from US Routes 42 and 250, the area’s primary commuter corridors. Family Dollar is positioned just east of Downtown Ashland and enjoys convenient access to the area schools, national retailers and restaurants and several industrial complexes that drive traffic to the area. Additionally, the Property is close to Ashland’s residential neighborhoods, Ashland University, and Samaritan Hospital. Ashland is in north central Ohio approximately 60-miles south of Cleveland and 80 miles north of Columbus.
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.