January 30, 2020 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Dollar General in Adams, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $736,000.
Dollar General is located at 10757 US Route 11 in Adams, New York. Dollar General has been operating at the Property for 15 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 has 10 years remaining and is followed by one, 5-year renewal option with a 10% rent increase at the start of the option period. Dollar General is well positioned along the city’s main north/south thoroughfare and in the center of the retail trade area with easy access and excellent visibility.
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.