November 21, 2023 – Michael Mintz of Horvath & Tremblay has successfully completed the sale of a Family Dollar-Dollar Tree in Tuscaloosa, Alabama. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,764,580.
The Family Dollar | Dollar Tree is located at 1600 Crescent Ridge Road NE in Tuscaloosa, Alabama. The new construction dual concept Family Dollar | Dollar Tree was completed in 2023. Family Dollar | 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. Family Dollar | Dollar Tree has a double net lease and is responsible for real estate taxes, insurance and common area maintenance providing an ideal, low-management investment opportunity for a passive investor. The Landlord is responsible for the Roof, Structure and Parking Lot Repaving. The new roof was installed with a transferable warranty. Family Dollar | Dollar Tree is located at the intersection of 16TH Street NE and Crescent Ridge Road NE (AL Route 45), one of the area’s primary commuter corridors. The Property is positioned in northeastern Tuscaloosa and is less than 1-mile from Holt High School, 2-miles from a large Nucor Steel facility, and 3.75-miles from US Highway 82 and the University of Alabama.
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.