June 30, 2021 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of Family Dollar in Elkhart, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,327,000.
Family Dollar is located at 117 West Hively Avenue in Elkhart, Indiana. Family Dollar has occupied the 8,508 square foot stand-alone building since it was constructed in 2006. Family Dollar has 5 years remaining on a corporate guaranteed, Double Net (NN) lease with four (4), 5-Year renewal options. The lease calls for scheduled rent increases at the start of each of the remaining option periods. The Property is well located along W Hively Avenue, one of the primary commercial corridors in the area, and benefits from outstanding visibility and frontage. It is located across the street from Woodland Crossing, a Kroger anchored shopping center and is surrounded by numerous national retailers and restaurants.
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.