March 23, 2023 – Kyle Danielson and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of Dollar General in Flintstone, Maryland. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,689,656.
Dollar General is located at 21701 Flintstone Drive NE in Flintstone, Maryland. This is a new construction Dollar General that was completed in Q1 2023. The property consists of a 10,640 square foot stand-alone building on a 1.85-acre parcel of land. Dollar General has a new 15-year corporate guaranteed Absolute Net lease followed by five, 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is strategically located on Flintstone Drive NE and is positioned seconds from the Interstate 68 via exit 56. There are extremely limited commercial shopping options in and around Flintstone, Dollar General is able to service the town which is not currently served by a big box retailer or grocery store. Additionally, the Property is 6-miles from the Rocky Gap Casino Resort, the area’s primary draw. Constructed in 2013, the Resort features a 200-room hotel and casino with a Jack Nicklaus Signature Golf Course.
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.