September 11, 2020 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of Dollar General in Bridgeton, New Jersey. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,850,000, a 6.3% cap rate.
Dollar General is located at 847 East Commerce Street in Bridgeton, New Jersey. This is a new construction Dollar General; the 9,100 square foot stand-alone building was completed in 2020 and sits on a 2.23-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 each of the four option periods. Dollar General is well positioned in the bedroom community of Bridgeton. Dollar General has excellent visibility along East Commerce Street which sees more than 13,000 vehicles per day and is within 3-miles of six schools with a combined enrollment of 4,956 students. The site also benefits from its central location near multiple large parks and tourist attractions such as City Park, Cohanzick Zoo, and Bridgeton Splash Park.
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.