August 26, 2021 – Joe Desalvo, Bob Horvath, and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Dollar General in Lisbon, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,835,000.
Dollar General is located at 145 S Main Street (US Highway 302) in Lisbon, New Hampshire. Dollar General signed a brand new, 15-year Absolute Net Lease in February of 2016 that has approximately 10 years of term remaining and is followed by four, 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The property benefits from its excellent visibility and frontage along S Main Street (US Highway 302) the primary highway traversing Lisbon. US Highway 302 connects Lisbon with Interstate 91 to the west and Interstate 93 to the east. Lisbon is located in northeastern New Hampshire, approximately 10 miles southwest of Littleton and 80 miles north of Concord. This location is the only dollar store within 10-miles and is the primary shopping destination for area residents.
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.