December 30, 2021 – Michael Talbert, Luke Thomson and Charles Moody of Horvath & Tremblay have successfully completed the sale of Dollar General in Lake Placid, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,033,333.
Dollar General is located at 108 US Route 27 in Lake Placid, Florida. Dollar General has been at this location for more than 14 years, and recently demonstrated their commitment to the location by extending their lease term for 7 years through July 2029. The property consists of an 10,050 square foot building on 0.94-acres of land. Dollar General has 7 years remaining on their double net (NN) lease with four, 5-Year renewal options. The Dollar General Lease calls for 10% rent increases at the start of each renewal option. Dollar General is well positioned along US Route 27, the area’s primary north-south commercial and commuter corridor. Dollar General enjoys outstanding visibility and frontage and is positioned across the street from a Save A Lot and Tractor Supply anchored shopping center, and is 0.5-miles from the South Highlands Shopping Center, anchored by Publix. The Property is surrounded by national retailers driving 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.