October 1, 2020 – Bob Horvath, Andrew O’Connell, and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of Dollar General in Houston, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,159,700.
Dollar General is located at 2844 State Route 66 in Houston, Ohio. This is a new construction Dollar General, the 7,500 square foot stand-alone building was completed in 2019 and sits on a 2.13 acre parcel of land. Dollar General has 13+ years of term remaining on a corporate guaranteed Absolute Net lease followed by three 5-Year renewal options. The lease calls for a 10% increase at the start of all three option periods. Dollar General is positioned approximately 12 miles west of Sidney, and 8 miles north of Piqua. With extremely limited commercial shopping options in and around Houston, Dollar General is able 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.