December 11, 2020 – Logan Fite of Horvath & Tremblay has successfully completed the sale of Dollar General in Dothan, Alabama. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,055,000.
Dollar General is located at 670 Gene Terry Road in Dothan, Alabama. Dollar General has occupied the 9,100 square foot stand-alone building since its construction in 2014. Dollar General has 9 years of term remaining on an Absolute NNN lease followed by five, 5-Year renewal options. The lease calls for 10% rent increases at the start each option period. Dollar General is extremely well located at the intersection of Gene Terry Road and State Highway 53. The property enjoys excellent frontage and visibility and serves as the primary shopping and grocery destination for the area. The closest Dollar General, grocery store, or Walmart is more than 9-miles away.
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.