October 22, 2021 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Dollar General in Andalusia, Alabama. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $587,500.
Dollar General is located at 225 Church Street in Andalusia, Alabama. Dollar General was constructed in 1984 and remodeled in 2015. The property consists of a 9,100 square foot stand-alone building on a 0.59-acre parcel of land. Dollar General has 3+ years of term remaining on a corporate guaranteed double net lease followed by one, 5-Year renewal option. The lease calls for a 10% increase at the start of the renewal option. Dollar General is located in downtown Andalusia near the main retail corridor off of US-29 with proximity to multiple national retailers. The property is located near the corner of Church Street and Baisden Street and sees over 8,600 vehicles per day. This Dollar General is the 19th most visited Dollar General store in the State of Alabama out of 680 locations and is ranked in the 98th percentile of most visited store in the country according to Placer.ai visitation data.
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.