December 28, 2023 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Popshelf in Timberville, Virginia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,717,029.
Popshelf is located at 14111 Timber Way in Timberville, Virginia. Popshelf has been at this location since January 2023 and has 13+ years remaining on their Double Net lease with five (5) 5-year renewal options. Popshelf is a new Dollar General concept, and the lease is guaranteed by Dollar General. The Property was previously leased to Walgreens and has undergone significant renovations in excess of $500,000. The renovations include improvements to the store front, interior, parking lot and landscaping, HVAC, and the roof. Popshelf is well-located at the signalized intersection of McCauley Drive and S Main Street (VA Route 42), the area’s primary commercial corridor. The Property is located across the street from a Walmart Supercenter and a Food Lion anchored plaza, and is 0.2-miles from VA Route 211, 6-miles from Interstate 81, and 15-miles from Harrisburg, VA.
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.