October 27, 2020 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of Dollar General in Huntsville, Arkansas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,248,353.
Dollar General is located at 22841 Highway 412 in Huntsville, Arkansas. This is a new construction Dollar General, the 9,100 square foot stand-alone building was completed in 2020 and sits on a 2.38 acre parcel of land. Dollar General has 15 years of term remaining on a corporate guaranteed Absolute Net lease followed by five, 5-Year renewal options. The lease calls for a 10% increase at the start of all three option periods. Dollar General is positioned approximately 35 miles east of downtown Fayetteville. With extremely limited commercial shopping options in and around Huntsville, Dollar General is able to service the town which 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.