January 24, 2024 – Hobart Hare and Greg Moore of Horvath & Tremblay have successfully completed the sale of Family Dollar in Oscoda, Michigan. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $410,000.
Family Dollar is located at 5299 US Highway 23 in Oscoda, Michigan. Family Dollar has been at this location for more than 26 years and recently executed a 5-year renewal option, demonstrating their commitment to the site and the market. Family Dollar has 4+ years of term remaining on their double net lease with two (2), 5-year renewal options. The lease includes attractive $3,000 rent increases at the start of each option period. Family Dollar is conveniently located at the signalized intersection of US Highway 23, the area’s primary commercial corrido and F41, a primary commuter road. The Property benefits from outstanding visibility, frontage, signage, and access and is surrounded by local and national retailers, all of which drive traffic to the immediate area. The Property is also just seconds from the shores of Lake Huron and the Oscoda-Wurtsmith Airport. Oscoda is a small shoreline community located in northeaster Michigan.
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.