March 2, 2022 – Jason Woods of Horvath & Tremblay has successfully completed the sale of Dollar General in Orrville, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,450,000.
Dollar General is located at 250 Cherry Street in Orrville, Ohio. This is a new construction Dollar General with a larger footprint; the 10,640 square-foot, stand-alone building was completed in 2020 and sits on a 1.14-acre parcel of land. Dollar General has 13+ years of term remaining on a corporate guaranteed Absolute Net lease followed by five (5), 5-Year renewal options. The lease calls for a 10% increase at the start of all three option periods. The property is located just off of W High Street, one of the primary commercial corridors servicing Orrville, and is adjacent to Buehler’s Fresh Foods, the area’s primary grocery store. The property is also just 1.7-miles from the University of Akron-Wayne College and enjoys close proximity to the area’s other schools. Dollar General is positioned approximately 10 miles east of Wooster, and 27 miles southwest of Akron.
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.