August 27, 2021 – Luke Thomson, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General in Bolivia, North Carolina. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,935,542.
Dollar General is located at 2780 Midway Road in Bolivia, North Carolina. 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 2.06-acre parcel of land. Dollar General has 14+ 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 Midway Road, the primary commercial corridor serving the area and is across from the Lowes Food Shopping Center which sits directly at the intersection of Highway 211 and Highway 906. This is the main corridor servicing access to Oak Island and has very strong average daily traffic counts exceeding 9,500 ADT (Hwy 906) and 27,000 ADT (Hwy 211). The property is just 29 miles from downtown Wilmington and will serve a growing base population and thriving vacation & beach scene.
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.