January 27, 2020 – Joe DeSalvo of Horvath & Tremblay has successfully completed the sale of Dollar General in Spencerville, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,312,292.
Dollar General is located at 6872 State Road 1 in Spencerville, IN. This is a new construction Dollar General, the stand-alone building was completed in 2019. Dollar General has 14+ years of term remaining on an absolute net lease followed by five 5-Year renewal options. The lease calls for a 10% increase at the start of all five option periods. Dollar General is positioned along the city’s main road with easy access and excellent visibility. The next Dollar General is more than seven miles away.
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.