October 10, 2023 – Michael Mintz of Horvath & Tremblay has successfully completed the sale of a Dollar Tree in Hattiesburg, Mississippi. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,685,920.
The Dollar Tree is located at 9211 Highway 589 in Hattiesburg, Mississippi. The new construction Dollar Tree was completed in 2023. Dollar Tree has 9+ years remaining on their Double Net lease with six (6), 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. Dollar Tree is well located at the intersection of Old Highway 24 and MS Route 589, one of the area’s primary commuter corridors. The Property is positioned in western Hattiesburg and is 2-miles from US Highway 98, the area’s primary east-west corridor, and is 8 miles from Interstate 59 and the center of Hattiesburg. Dollar Tree is one of the only commercial retailers in western Hattiesburg and is strategically positioned to meet the needs of the area residents.
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.