May 5, 2022 – Michael Talbert of Horvath & Tremblay has successfully completed the sale of Dollar General in Merrillan, Wisconsin. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,321,000.
Dollar General is located at 504 S Hammond Street in Merrillan, Wisconsin. The Property was a build-to-suit for Dollar General, the 7,489 square foot stand-alone building sits on a 1.20-acre parcel of land. Dollar General has 11+ years of term remaining on a corporate guaranteed Absolute NNN lease followed by four (4), 5-Year renewal options. The lease calls for a 10% increase at the start of all five renewal option periods. Dollar General features upgraded brick construction that is centrally located with access via Effingham Street and Green Street. The property is well positioned along S Hammond Road, the dominant north-south thoroughfare serving the area. The property is near Oakwood Lake, a 15-acre lake that provides fishing and other recreation activities and is also seconds from Gile Memorial Park, which offers camping and hiking trails. The Property also benefits from limited competition as the nearest dollar store is more than 11 miles away.
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.