October 31, 2022 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of Dollar General in Saint Johnsville, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $954,744.
Dollar General is located at 7473 NY State Highway 5 in Saint Johnsville, New York. Dollar General has been at this location since 2007 and recently extended their lease term demonstrating their commitment to the site and the market. Dollar General has 7+ years remaining on their lease and is followed by two (2), 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property is well located along NY State Highway 5 (Mohawk Turnpike) and benefits from excellent frontage and visibility. State Highway 5 is the area’s primary commercial and commuter corridor and connects Saint Johnsville with Schenectady and Albany to the east and Utica and Syracuse to the west. With an absence of a traditional supermarket or big box retailer Dollar General is one of Saint Johnsville’s primary shopping destinations.
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.