January 15, 2022 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Dollar General in Millbury, Ohio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,340,000.
Dollar General is located at 1470 Woodvale Road in Millbury, Ohio. The 9,026 square foot stand-alone building was completed in 2011 and sits on a 1.46-acre parcel of land. Dollar General has 4+ years of term remaining on a corporate guaranteed Absolute Net lease followed by four (4), 5-Year renewal options. The lease calls for a 10% increase at the start of all three option periods. The Property benefits from its location at the intersection of Millbury Road and Woodville Road (OH Route 51), the area’s primary commercial corridor that provides access to Interstate 280 and ultimately to Toledo, the region’s major metropolitan area. Dollar General benefits from outstanding visibility, and access, and prominent signage along Woodville Road (OH Route 51). Millbury is located in northwest Ohio, approximately 7.5 miles southeast of Toledo, OH.
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.