August 12, 2022 – Hobart Hare and Daylan Skidmore of Horvath & Tremblay have successfully completed the sale of Dollar General in Minier, Illinois. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,600,000.
Dollar General is located at 32569 IL Route 122 in Minier, Illinois. This is a new construction Dollar General that was completed in 2021. The property consists of a 9,100 square foot stand-alone building on a 1.34-acre parcel of land. Dollar General has 13+ years of term remaining on a corporate guaranteed Absolute Net lease followed by five (5), 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is positioned approximately 20 miles west of Bloomington, and 25 miles south of Peoria. With extremely limited commercial shopping options in and around Minier, Dollar General is able to service the community that is not currently served by a big box department store or grocery store.
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.