September 30, 2022 – Austin Smith of Horvath & Tremblay has successfully completed the sale of Dollar General in Millbury, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,454,193.
Dollar General is located at 458 Caratoke Highway in Moyock, North Carolina. The 10,566 square foot stand-alone building was completed in 2018 and sits on a 3.08-acre parcel of land. Dollar General has 11+ 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 all five renewal options. The Property benefits from its location at the intersection of S Mills Road and Caratoke Highway (NC Route 168) the area’s primary commercial corridor. Dollar General benefits from outstanding visibility, access, and prominent signage, and is within 1 mile of several national retailers including Food Lion, Wendy’s, Burger King, Advance Auto and O’Reilly Auto Parts, all of which drive traffic to the area. Moyock is located in northeastern North Carolina, 2-miles from the border with Virginia.
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.