May 19, 2025 – Kyle Danielson and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of Dollar General in Monroe, Virginia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,100,000.
Dollar General is located at 2515 Elon Road in Monroe, Virginia. Dollar General was constructed in 2020 and has 10+ years remaining on their Absolute NNN Lease with five (5), 5-year renewal options. The lease features attractive 10% rent increases at the start of each of the renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. Dollar General is situated along Elon Road (VA Route 130) and is seconds from the intersection with VA Route 652, the area’s primary commercial and commuter corridors. The property serves as one of the primary shopping destinations in an underserved market. The closest Dollar Store, Pharmacy or Grocery Store is more than five miles away. Monroe is an unincorporated community in Amherst County and is approximately 6 miles north of Lynchburg, Virginia.
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.