June 24, 2021 – Chris King, Brian Ahrens, and Mark Brockwell of Horvath & Tremblay have successfully completed the sale of Dollar General in St Martinville, Louisiana. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,502,114.
Dollar General is located at 5269 Bridge Street Highway (Highway 347) in St. Martinville, Louisiana (the “Property”). The Building was constructed in 2000 and consists of 9,100 square feet on a 1.12-acre parcel of land. Dollar General signed a brand new, 15-year Absolute Net Lease in July of 2020 that currently has over 14 years of term remaining and is followed by three, 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property benefits from its central location along Bridge Street Highway (Highway 347) one of the primary highways traversing St. Martinville, LA. Highway 347 connects St. Martinville with New Iberia to the south, and Interstate 10 to the north. St. Martinville is located in south central Louisiana, approximately 16 miles east of Lafayette, 55 miles west of Baton Rouge and 135 miles west of New Orleans.
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.