August 30, 2023 – Austin Smith and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of Dollar General in Jetersville, Virginia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,511,000.
Dollar General is located at 5851 Drunkard Road in Jetersville, Virginia. The new construction build-to-suit Dollar General has a 15-year Absolute NNN Lease with five (5), 5-year renewal options. The lease calls for attractive 10% rental increases at the start of each renewal option. The Property is well located along Suncook Valley Road (NH Route 28), one of the area’s primary commuter corridors. The Property is located at the intersection of Drunkard Road and Patrick Henry Highway (US Highway 360), the area’s primary commercial and commuter corridor. With extremely limited commercial shopping options in and around Jetersville, Dollar General is one of the primary shopping destinations and is able to service the town which is not currently served by a big box department store or grocery store.
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.