June 14, 2019 – Jeremy Black and Matthew Nadler of Horvath & Tremblay have successfully completed the sale of Dollar General in Millville, Pennsylvania. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction that closed at a sale price of $527,500.
Dollar General fully occupies a free standing, 8,125-square foot property located along State Route 42 in Millville. Dollar General has been at the Property for over 14 years and based on the store’s strong performance, preemptively chose to extend their lease term for an additional 5-year period. Their current lease term now expires in May 2029 and is followed by two, 5-year renewal options with a fixed rent increase at the start of each option period. The Property benefits as it is the only department store in Millville offering a full range of products including food, household products, health & beauty products, school & office supplies and electronics.
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.