March 10, 2022 – Luke Thomson and Charles Moody of Horvath & Tremblay have successfully completed the sale of Dollar General in Auburndale, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,255,327.
Dollar General is located at 5964 Highway 542 W in Auburndale, Florida. Dollar General has been at this location since it was constructed in 2014 and has 7 years remaining on their Absolute NNN lease with three (3), 5-year renewal options. The property consists of a 9,002 square foot building on 1.32-acres of land. The Dollar General Lease calls for 10% rent increases at the start of each renewal option. Dollar General is well-located at the signalized intersection of K-Ville Avenue and Thornhill Road. The Property enjoys outstanding visibility and frontage and is located in the center of a residential neighborhood. The Property is the primary shopping destination serving the area tenants and is strategically positioned in between Polk Parkway and Recker Highway.
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.