November 19, 2020 – Jason Woods of Horvath & Tremblay has successfully completed the sale of Dollar General in Grove City, Pennsylvania. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,546,545.
Dollar General is located at 613 East Main Street Extension in Grove City, Pennsylvania. This is a new construction Dollar General that was completed in 2020. The property consists of a 9,026 square foot stand-alone building on a 1.53-acre parcel of land. Dollar General has 13+ years of term remaining on a corporate guaranteed Triple Net lease followed by three, 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is well located along East Main Street Extension (PA Route 58) with outstanding visibility and frontage. The property is ½-mile from the Grove City Area Middle School and the Hillview Elementary School, 1-mile from Grove City College, and 2-miles from the Grove City Area High School. The property also offers convenient access to the junction of Interstates 80 and 79.
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.