April 1, 2021 – Steven Schiavello, Patrick Gray and Chris King of Horvath & Tremblay have successfully completed the sale of a Piggly Wiggly in Gordon, Georgia. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $575,000.
Piggly Wiggly is located at 123 Main Street in Gordon, Georgia. The stand-alone building consists of 20,280 square feet on a 2.0-acre parcel in the heart of Gordon. Piggly Wiggly has occupied this location since its construction in 1982 and has 1 year remaining on their Triple Net Lease. Piggly Wiggly has continued to demonstrate their commitment to this location by exercising their options and extending their lease terms. Piggly Wiggly is located in the center of Gordon, and as the only grocery store in the immediate area, serves the needs of the residents of Gordon and the surrounding towns. Piggly Wiggly enjoys excellent visibility and access with two points of entry/egress on both Main Street and College Street. The Piggly Wiggly is within walking distance of the BASF facility, and the town’s municipal buildings and offices. Additional retailers drawing consumers to the area include Dollar General, Family Dollar, Chicken House, USPS, Gordon Drugs, Morris Bank and JE Beck & Son Hardware.
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.