November 22, 2024 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General in Amesbury, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,757,040.
Dollar General is located at 198 Main Street in Amesbury, Massachusetts. Dollar General has a new 10-year Double Net Lease that commenced in June 2024 that has 9+ years of term remaining and is followed by four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property is located within the Shops at Patten’s Hollow, a small shopping center that is home to this freestanding Dollar General and an inline strip center. The Property benefits from its strategic location along Main Street, one of the area’s primary corridors. The Property is 0.35-miles from Downtown Amesbury, is within 1-mile of several area schools, and is surrounded by heavily populated residential neighborhoods that provide a captive customer base. The Property also offers convenient access to Interstate 495 (0.9-miles), Interstate 95 (1.7-miles) and US Route 1 (4-miles). Amesbury is located along the banks of the Merrimack River in northeastern Massachusetts, approximately 18 miles northwest of Lawrence and 38-miles north of Boston.
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.