April 9, 2020 – Peter Butler of Horvath & Tremblay has successfully completed the sale of Dollar General in Mansfield, Ohio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,300,000.
Dollar General is located at 7502 State Route 314 in Mansfield, Ohio. This is a new construction Dollar General, the 9,026 square foot stand-alone building was completed in 2019 and sits on a 2.05 acre parcel of land. Dollar General has 14+ years of term remaining on a corporate guaranteed Absolute Net lease followed by four 5-Year renewal options. The lease calls for a 10% increase at the start of all four option periods. Dollar General is positioned just north of the village of Johnsville (Shauck) to service the community that is not currently served by a big box department store or grocery store.
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.