April 28, 2021 – Hobart Hare, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General in Coventry, Connecticut. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,228,940.
Dollar General is located at 1600 Boston Turnpike (US Route 44) in Coventry, 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 1.13-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 strategically located on Boston Turnpike (US Route 44), the main though-fare in Coventry, and is surrounded by many businesses as well as national tenants. Dollar General is directly next to a CVS, Walgreens, Dunkin’ and KeyBank, among others. In addition, UCONN’s main campus is approximately 7 miles east of the property in Storrs, CT. There are nearly 20,000 students at the Storrs campus. Downtown Hartford is a short drive directly west of the property. Headed west, Boston Turnpike (US Route 44) turns into I-384, then I-84, which leads into Hartford, making this ideal for commuters.
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.