August 20, 2021 – Steve Schiavello, Patrick Gray and Joe Prisco of Horvath & Tremblay have successfully completed the sale of Dollar General in Bonneau, South Carolina. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,600,000.
Dollar General is located at 1006 Harristown Road in Bonneau, South Carolina. Dollar General commenced a 15-year Triple Net Lease in August of 2016 that has approximately 10 years of term remaining and is followed by five (5), 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property benefits from its location at the intersection of Harristown Road and ALT-US Highway 17 the primary east west thoroughfare traversing the town of Bonneau and connecting it with Moncks Corner to the southwest and Georgetown to the east. Dollar General is the primary shopping destination in the town of Bonneau with the closest supermarket/grocery store or pharmacy 10-miles away in Moncks Corner, SC. Dollar General benefits from outstanding visibility and frontage along both roadways. Bonneau is located in southeastern South Carolina, approximately 10 miles northeast of Moncks Corner and 40 miles north of Charleston.
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.