October 14, 2021 – Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General in Wichita, Kansas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,630,000.
Dollar General is located at 4520 E 13th Street North in Wichita, Kansas. Dollar General relocated from a nearby location to the property in 2020 and executed a 10-year double net lease, demonstrating their commitment to this market. The property was improved with a new roof and parking lot when Dollar General moved in. Dollar General has 9 years of term remaining and is followed by four (4), 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The property benefits from a prime location with excellent visibility and frontage along E 13th Street North. Additionally, the property is located less than 1 mile from the Wichita State University campus, which is home to more than 15,000 students, and less than 2 miles from I-35.
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.