October 6, 2020 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Dollar General in Nichols, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,025,000.
Dollar General is located at 65 E River Road in Nichols, New York. Dollar General has been at this location for more than 14 years, and recently demonstrated their commitment to the location by extending their lease term for 7 years through June 2027. The property consists of an 8,420 square foot two tenant building on 0.67 acres of land. Dollar General has 7 years remaining on their double net (NN) lease with one, 5-Year renewal option. Dollar General is well positioned along E River Road and is adjacent to US Route 17, the town’s primary east-west thoroughfare connecting Nichols with Interstate 86. Dollar General has strategically chosen this location as it was considered a “food desert”. Dollar General is the only national retailer of groceries and discount consumer goods serving the town of Nichols and the area residents.
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.