August 24, 2021 – Steve Schiavello, Patrick Gray and Joe Prisco of Horvath & Tremblay have successfully completed the sale of Dollar General in Waynesville, North Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,586,800.
Dollar General is located at 40 Joe Carver Road in North Carolina. The property consists of a 9,100 square foot building on a 1.58-acre parcel of land. Dollar General commenced a 15-year Triple Net Lease in 2016 that has approximately 10 years of term remaining and is followed by three (3), 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 Joe Carver Road Road and Jonathan Creek Road (US Highway 276), the primary thoroughfare traversing the town of Waynesville. Dollar General is the primary shopping destination in the town of Waynesville with the closest supermarket/grocery store or pharmacy approximately 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.