May 20, 2021 – Bob Horvath, Todd Tremblay, Joe DeSalvo and Jason Woods of Horvath & Tremblay have successfully completed the sale of Dollar General in Syracuse, Indiana. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $425,000.
Dollar General is located at 730 S Huntington Street (Route 13) in Syracuse, Indiana. Dollar General has been at the Property for over 20 years. Their current lease term expires in April 2026 and is followed by two, 5-year renewal options with a fixed rent increase at the start of each option period. The Property is located in a two-tenant retail plaza, adjacent to New Market Grocery Store, the only grocery store serving Syracuse and the immediately surrounding communities. The Property is located on a retail corridor on heavily travelled Huntington Street (Indiana Route 13) which is paralleled by two service roads that provide convenient access to the adjacent retail. The property is surrounded by other national retailers including CVS, Family Dollar, MedStat Urgent Care, McDonald’s, Burger King, and others driving traffic to the immediate area.
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.