October 5, 2021 – Chris King of Horvath & Tremblay has successfully completed the sale of Dollar General in Gresham, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,433,800.
Dollar General is located at 6805 Charter Oaks Drive in Gresham, South 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 Absolute NNN Lease in 2017 that has approximately 11 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 adjacent to the intersection of US Highway 378 and State Highway 41, the primary thoroughfares traversing the town of Gresham. Dollar General is the primary shopping destination in the town of Gresham with the closest supermarket/grocery store or pharmacy approximately 9-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.