May 26, 2021 – Brian Ahrens and Mark Brockwell of Horvath & Tremblay have successfully completed the sale of Dollar General in Beaumont, Mississippi. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,165,424.
Dollar General is located at 2401 Mississippi Route 15 in Beaumont, Mississippi. Constructed in 2016, this is a build-to-suit Dollar General, the 9,026 square foot stand-alone building sits on a 1.37-acre parcel of land. Dollar General has 10 years of term remaining on a corporate guaranteed Absolute 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 Mississippi Route 15, the primary commercial corridor running through Beaumont. The property enjoys outstanding visibility and frontage and is situated in the heart of Beaumont. The Property has limited competition and features a more extensive food offering allowing the location to act as one of the primary grocers serving the town.
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.