June 25, 2021 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of Dollar General in Needmore, Pennsylvania. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,415,000.
Dollar General is located at 8264 Great Cove Road in Needmore, Pennsylvania. This is a new construction Dollar General that was completed in 2021. The property consists of a 9,100 square foot stand-alone building on a 0.99-acre parcel of land. Dollar General has 14+ years of term remaining on a corporate guaranteed Double 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 Great Cove Road, the primary commuter road traversing the town. The property enjoys excellent frontage and visibility and serves as the primary shopping and grocery destination for the area. The closest Dollar General, grocery store, or Walmart is more than 10-miles away.
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.