February 23, 2022 – Jason Woods of Horvath & Tremblay has successfully completed the sale of Dollar General in New Haven, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,175,428.
Dollar General is located at 425 IN-930 W in New Haven, Indiana. This is a Dollar General with a larger footprint; the stand-alone building contains 13,648 square feet of space on a 1.39-acre parcel of land. Dollar General has occupied this location since 2011 and exercised their first renewal option early, demonstrating their commitment to the site and the market. Dollar General has 4 years of term remaining on a corporate guaranteed, Double Net lease followed by four (4), 5-Year renewal options. The lease calls for a 10% increase at the start of all four option periods. The property is located just off of W High Street, one of the primary commercial corridors servicing Orrville and is 0.3-miles from a Kroger Anchored shopping center, Kroger is the area’s primary grocery store. The property is also just 1.5-miles from the New Haven Junior and Senior High Schools and is 2.2-miles from Interstate 469. The property is surrounded by the town’s national retailers which help drive traffic to the area. Dollar General is positioned approximately 6-miles east of Fort Wayne, the state’s second largest city trailing only Indianapolis in population.
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.