October 20, 2021 – Chris King of Horvath & Tremblay has successfully completed the sale of Dollar General in Albany, Georgia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $578,500.
Dollar General is located at 1906 East Oglethorpe Boulevard in Albany, Georgia. Dollar General has been at the Property for 20 years and recently extended their lease term. Their current lease term expires in August 2027 and is followed by two, 5-year renewal options with a fixed 10% rent increase at the start of each renewal option. The Property benefits from its location at the intersection of Tallulah Drive and East Oglethorpe Boulevard (US Highway 82 BUS), one of the primary commercial corridors traversing the city of Albany. Dollar General is less than ½-mile from the junction of US Highway 82 BUS and US Highway 19, 1-mile from US Highway 82, and 2.5-miles from Albany State University. Dollar General benefits from outstanding visibility and frontage along both roadways and is surrounded by national retailers drawing traffic to the area.
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.