July 22, 2019 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Dollar General in Cambridge City, Indiana. Horvath & Tremblay procured the 1031 exchange buyer to complete the transaction at a sale price of $1,513,030.
Dollar General occupies a newly constructed, built-to-suit building along S State Road 1. This Dollar General Plus is a relocation and expansion of an existing store in the area, demonstrating commitment to the location. Dollar General signed a new 15-year triple net lease with 10% rental increases at the beginning of each option period.
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.