April 18, 2024 – Matt Siebert and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Dollar Tree in Etowah, Tennessee. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $840,000.
Dollar Tree is located at 425 Tennessee Avenue in Etowah, Tennessee. The Property is improved by an 8,232 square foot building on a 0.92-acre parcel in the heart of Etowah. Dollar Tree has 4+ years remaining on their Double Net lease with five (5), 5-year renewal options. The lease features attractive rental increases at the beginning of each renewal option. The Property offers excellent visibility, frontage, and access from Tennessee Avenue (US Route 411). Dollar Tree is situated along Tennessee Avenue (US Route 411), the area’s primary commercial and commuter corridor. The Property enjoys excellent visibility and frontage and is just seconds from the intersection with Mecca Pike (TN Route 310), a major commuter corridor connecting Etowah with points east. The Property is also just 0.9-miles from the David W Lillard Memorial Highway (TN Route 30) which provides access to Interstate 75. The Property is conveniently located in the heart of Etowah and is surrounded by the area’s national and local retailers, businesses and schools driving traffic to the area. The Property is also just 1.2-miles from the Starr Regional Medical Center. Etowah is a small community located in southeastern Tennessee and is approximately 60 miles northeast of Chattanooga and 65 miles southwest of Knoxville.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.