November 30, 2021 – Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General in Pe Ell, Washington. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,618,000.
Dollar General is located at 721 North Main Street in Pe Ell, Washington. Dollar General is in a brand-new building constructed in 2021 and signed a 15-year, absolute NNN lease with four (4), 5-year options. The lease features 10% rent increases at the start of each renewal option. The property benefits from excellent visibility and frontage along Main Street, the primary thoroughfare in Pe Ell. Dollar General has minimal competition in the area, with the nearest national competitor over 30 miles away. The property is across from Pe Ell School and Administration Offices, a K-12 school with approximately 350 students and staff. The area offers ideal demographics for Dollar General, with a mainly blue-collar workforce and a price conscious consumer base.
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.