June 30, 2021 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Dollar General in Brandon, Mississippi. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,350,000.
Dollar General is located at 472 Pisgah Road in Brandon, Mississippi. This is a newer construction Dollar General that was completed in 2016. The property consists of a 9,100 square foot stand-alone building on a 2.01-acre parcel of land. Dollar General has 9+ years of term remaining on a corporate guaranteed Absolute Net lease followed by five, 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is strategically located on at the intersection of Pisgah Road and MS Route 25, the area’s primary commuter corridor. The Property is minutes form the Barnett Reservoir which sees more than 2 million recreation-seeking visitors annually. Brandon is one of the fastest growing cities in Mississippi and was ranked as the 2nd best city in which to live in Mississippi. Lastly, the Property has limited competition, as there is only one other dollar store within 10-miles of the Property.
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.