June 23, 2021 – Kyle Danielson and Luke Thomson of Horvath & Tremblay have successfully completed the sale of a three-property Dollar General Portfolio in Arkansas. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4,123,512.
The three-property portfolio is comprised of Dollar General locations in Huntsville, Wesley, and Pencil Bluff, Arkansas. All three of the locations feature brand new, 15-year Absolute Net Leases that currently have over 14 years of term remaining and are followed by five (5), 5-year renewal options. The leases feature 10% rent increases at the start of each renewal option. All three brand-new construction Dollar Generals opened in 2020. Huntsville is a 9,100 square foot, freestanding Dollar General situated on a 2.38-acre parcel of land. Wesley is a 9,026 square foot, freestanding Dollar General situated on a 1.93-acre parcel of land. Pencil Bluff is a 9,026 square foot, freestanding Dollar General situated on a 1.99-acre parcel of land. All of the Properties are situated within commercial corridors and feature prominent signage and convenient access to the local communities. Characteristically situated near “Main & Main” in rural communities, the Properties benefit as the leading national retailer in town while also adhering to Dollar General’s focus on proximity to its customer.
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.