May 20, 2022 – Brad Canova and Steve Girolamo of Horvath & Tremblay have successfully completed the sale of Dollar General in Carmel, Maine. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,776,572.
Dollar General is located at 837 Main Road in Carmel, Maine. The Property was a build-to-suit for Dollar General, the 9,100 square foot stand-alone building was completed in 2018 and sits on a 2.3-acre parcel of land. Dollar General has 11+ years of term remaining on a corporate guaranteed Absolute Net lease followed by three (3), 5-Year renewal options. The lease calls for a 10% increase at the start of all three option periods. Dollar General is extremely well located at the intersection of Main Road (US Route 2), Plymouth Road and Hampden Road. The site is also just 3-miles from Interstate 95, 9.5-miles from Sebasticook Lake, and 15-miles from downtown Bangor, the largest city in central Maine.
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.