May 29, 2020 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of a Dollar General in Pembroke, Maine. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,479,771, which translates to a 7.00% Cap Rate.
Dollar General is located at 481 US Route 1 in Pembroke, Maine. The stand-alone, build-to-suit Dollar General, constructed in 2017, consists of 9,002 square feet on 2.10 acres of land. Dollar General has years 12 Years remaining on a 15-Year Absolute Triple-Net corporate Lease. The lease features three (3), 5-Year options with scheduled increases. Dollar General is strategically located along US Route 1, the areas primary roadway. This location does well, and has limited competition; the next closest Dollar General is more than 45 minutes 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.