Dollar General Plaza Ashland, OH

February 14, 2020 – Logan Fite, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General Plaza in Ashland, Ohio.  Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $705,000.

The Dollar General Plaza is located at 1289 Claremont Avenue in Ashland. The plaza is 100% leased to three tenants – Dollar General, H&R Block and the Flour Barrel.  The three tenant building consists of 14,131 square feet on a 1.8 acre corner lot.  The signalized intersection features two primary roadways, Claremont Avenue and Mifflin Avenue, and sees more than 14,800 vehicles per day pass through. The plaza has excellent visibility and entry and egress from both Avenues. Dollar General has been successfully operating in this plaza for 15 years and recently extended their lease through April 2024.  They have two additional 5-year renewal options.  The plaza serves approximately 26,600 full time residents and 7,500 Ashland University students living within a 5-mile radius of the property.

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.