December 22, 2023 – Anthony Spangler, Mark Heidecke and Corbin Schwartz of Horvath & Tremblay have successfully completed the sale of Dollar General in Quincy, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $352,000.
Dollar General is located at 600 Maine Street in Quincy, Illinois. Dollar General has been at this location for more than 26 years, and recently demonstrated their commitment to the site and the market by extending their lease term. Dollar General has 5+ years remaining on their Modified Net lease with two (2), 5-year renewal options. The lease calls for attractive 10% rent increases at the start of each renewal option, providing an attractive increase in revenue and a hedge against inflation. The property is situated at the signalized intersection of S 6th Street and Maine Street, one of the area’s primary commercial corridors. Dollar General is positioned in the center of town and enjoys convenient access to municipal buildings, area schools, and the banks of the Mississippi River. The Property is 0.3-miles from US Route 24, 1.5-miles from Quincy University, and 4.5-miles from John Wood Community College and Interstate 172. Quincy is positioned along the banks of the Mississippi River in southwestern Illinois, approximately 110 miles west of Springfield, IL and 125-miles north of St. Louis, MO.
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.