August 16, 2021 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Dollar General in Clarksville, Tennessee. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,350,863.
Dollar General is located at 440 Dover Road in Clarksville, Tennessee. The property was constructed in 2012 and consists of a 7,489 square foot stand-alone building on a 1.4-acre parcel of land. Dollar General has 5+ years of term remaining on a corporate guaranteed Triple Net lease followed by three, 5-Year renewal options. The lease calls for a 3% rent increase in year 11 of the lease and a 10% increase at the start of each renewal option. The property is ideally located along Dover Road, one of the primary commercial corridors in Clarksville. The Dollar General is located close to Fort Campbell, a US Army post, just 4 miles from Downtown Clarksville, 3.8 miles from Austin Peay State University, and 43 miles from Nashville, TN, making the location a convenient stop for both locals and tourists. Clarksville is in Montgomery County, TN and is the 5th largest city in the state.
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.