August 14, 2020 – Justin Spillane of Horvath & Tremblay has successfully completed the sale of Dollar General in White Pine, Tennessee. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $575,000.
Dollar General is located at 1127 State Street in White Pine, Tennessee. Dollar General has been at this location since its construction in 2004. The property consists of an 8,125 square foot single tenant building on 2.3 acres of land. Dollar General has 3+ years remaining on their double net (NN) lease with two, 5-Year renewal options both of which feature a 10% rental increases. Dollar General is situated on a corner lot with excellent visibility and access along State Street (US Route 25E/TN Route 32), the town’s primary north-south thoroughfare connecting White Pine with Interstates 81 and 40.
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.