July 30, 2024 – Matt Nadler and Matt Siebert of Horvath & Tremblay have successfully completed the sale of a Dollar General in Quitman, Georgia. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $795,000.
Dollar General is located at 1307 West Screven Street in Quitman, Georgia. Dollar General has been at this location since 2000 (23+ years) and has extended their lease multiple times, demonstrating their commitment to the site and the market. There are 9+ years of term remaining on the lease, followed by two (2), 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property benefits from its location along West Screven Street, one of the area’s primary commercial and commuter corridors. Dollar General benefits from outstanding visibility and frontage along West Screven Street and is shadow anchored by a Tractor Supply Co and Food Lion, the largest grocer in Quitman. The Property is situated in downtown Quitman, where it is in close proximity to the city’s municipal offices, local and national retailers and businesses, and area schools. Quitman is part of the Valdosta Metropolitan Statistical Area, which has a population of approximately 150,000 residents.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.