February 26, 2021 – Hobart Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General Plus in Beaufort, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,950,000.
Dollar General is located at 2751 Boundary Street in Beaufort, South Carolina. This is a newer construction Dollar General Plus, the 10,542 square foot stand-alone building was completed in 2017 and sits on a 1.325 acre parcel of land. Dollar General has 11+ years of term remaining on a corporate guaranteed Triple Net lease followed by five, 5-Year renewal options. The lease calls for a 10% increase at the start of all five option periods. Dollar General is well positioned along Boundary Street (US Highway 21), the primary commercial corridor running through Beaufort. The property enjoys outstanding visibility and frontage and is situated approximately 2 miles west of downtown Beaufort, and just 2.5-miles from the Marine Corps Air Station in Beaufort.
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.