August 23, 2020 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Dollar General in Constantia, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $701,500.
Dollar General is located at 1573 NY Route 49 in Constantia, New York. Dollar General has been at this location since its construction in 2003. The property consists of a 9,100 square foot single tenant building on 2.43 acres of land. Dollar General recently executed one of their 5-year options early and now has 9+ years remaining on their double net (NN) lease with one, 5-Year renewal option that features a 10% rental increase. Dollar General is well positioned along NY Route 49, the town’s primary north-south thoroughfare connecting Constantia with Interstate 81.
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.