May 11, 2022 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Dollar General in Harrogate, Tennessee. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $750,000.
Dollar General is located at 7014 Cumberland Gap Parkway in Harrogate, Tennessee. The property was constructed in 1996 and consists of a 9,200 square foot, stand-alone building on a 0.52-acre parcel of land. Dollar General has 2 years of term remaining on a corporate guaranteed gross lease followed by one, 3-Year renewal options. The lease calls for a 10% rent increase at the start of the renewal option. The property is ideally located along Cumberland Gap Parkway, the primary commercial and commuter corridor in Harrogate. The Dollar General is located in the center of town and is seconds from Lincoln Memorial University.
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.