September 25, 2025 – Michael Mintz of Horvath & Tremblay has successfully completed the sale of Dollar General in Covington, Louisiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,882,417.
Dollar General is located at 76435 Highway 437 in Covington, Louisiana. Constructed in 2024, Dollar General has 13+ years remaining on their Absolute NNN Lease with five (5), 5-year renewal options. The lease features attractive 5% rent increases every five years throughout the primary lease term and at the start of each renewal option. The new construction Property is positioned along LA Route 437, the area’s primary commuter corridor. The Property is five miles north of Downtown Covington and offers convenient access to the area’s main roads including LA Routes 1081, 21, 25, and 40, and US Highway 190. The Property is across the street from Tammany Terrace, a newer residential development featuring more than 75 attractive single family homes and is close to several other residential neighborhoods. Covington is situated in southern Louisianna on the north shore of Lake Pontchartrain and is approximately 50 miles north of New Orleans.
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.