July 11, 2022 – Matt Siebert of Horvath & Tremblay has successfully completed the sale of Dollar General in Wakefield, Nebraska. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,247,000.
Dollar General is located at 701 Oak Street in Wakefield, Nebraska. Dollar General was constructed in 2015, and the 9,100 square-foot, stand-alone building sits on a 1.00-acre parcel of land. Dollar General has over 7 years of term remaining on a corporate guaranteed Absolute NNN lease followed by four (4), 5-Year renewal options. The lease calls for a 1.5% rent increase in year 11 of the primary lease term and attractive 10% increases at the start of all four renewal option periods. Dollar General is situated at the intersection of Oak Street (NE Route 35) and 858th Road in the center of town. The Property enjoys outstanding visibility and frontage and is 0.3-miles from the Wakefield Community Schools. With extremely limited commercial shopping options in and around Wakefield, Dollar General is well-positioned to service the town, which is not currently served by a big box department store or grocery store. Dollar General is located approximately 40 miles east of downtown Norfolk, NE and 40 miles west of Sioux City, IA, the regions two closest cities.
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.