August 29, 2022 – Chris King of Horvath & Tremblay has successfully completed the sale of Dollar General in Waresboro, Georgia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,270,000.
Dollar General is located at 3505 Lovett Road in Waresboro, Georgia. Dollar General commenced a 15-year Absolute Net Lease in August of 2013 that currently has over 5 years of term remaining and is followed by four (4), 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property is situated next to the intersection of Lovett Road and South Georgia Parkway (US Highway 82); Dollar General benefits from a highly visible location and can be seen clearly from US Highway 82, the only major highway in Waresboro. Dollar General is the primary shopping destination in the town of Waresboro with the closest dollar store, supermarket/grocery store or pharmacy approximately 7-miles away in Waycross, GA. Waresboro is located in southeast Georgia, approximately 7 miles west of Waycross and is part of the Waycross Micropolitan Statistical Area.
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.