November 30, 2022 – Joe Prisco, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Dollar General in Cowpens, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,890,000.
Dollar General is located at 5392 N Main Street in Cowpens, South Carolina. The Property was a build-to-suite for Dollar General, the 10,640 square foot stand-alone building sits on a 1.4-acre parcel of land. Dollar General has 4 years of term remaining on a corporate guaranteed Absolute NNN lease followed by four (4), 5-Year renewal options. The lease features attractive 10% rent increases at the start of each of the 5-year renewal options. The property well positioned along N Main Street (US Route 29), the area’s primary commercial and commuter corridor. The property enjoys outstanding visibility and frontage and is positioned in the center of Cowpens. Dollar General is 2-miles from Interstate 85 and also benefits from its proximity to Gaffney (11-miles east) and Spartanburg (8-miles west), the area’s largest cities, both of which are accessible via US Route 29.
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.