December 11, 2020 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of Dollar General in Wauregan (Plainfield), Connecticut. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,135,000.
Dollar General is located at 7 Moosup Pond Road in Wauregan (Plainfield), Connecticut. This is a new construction Dollar General that was completed in 2020. The property consists of a 9,100 square foot stand-alone building on a 1.40-acre parcel of land. Dollar General has 14+ 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 each renewal option. Dollar General is positioned at the intersection of Moosup Pond Road (Route 205) and Putnam Road (Route 12), approximately 1-mile from the Plainfield High School and Shepard Hill Elementary School. The property is located across the street from a 100,000 square foot facility occupied by Brockwood Companies and is just seconds away from a 530,000 square foot distribution center occupied by Staples and Morgan Trucks.
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.