July 8, 2021 – Matt Nadler and Matt Siebert of Horvath & Tremblay has successfully completed the sale of Dollar General in Elizabethtown, Tennessee. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,755,001.
Dollar General is located at 130 W Elk Street in Elizabethtown, Tennessee. This is a newer construction Dollar General that was completed in 2017. The property consists of a 9,230 square foot stand-alone building on a 0.69-acre parcel of land. Dollar General has 10+ years of term remaining on a corporate guaranteed, Triple Net lease followed by five (5), 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is strategically located on W Elk Street, the primary commercial and commuter road traversing the town. The property enjoys excellent frontage and visibility and is surrounded by national retailers driving traffic to the area. The Property enjoys close proximity to Sycamore Shoals Hospital, an award winning, 121-bed facility, and the area’s elementary, middle and high schools.
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.