December 16, 2021 – Hobart Hare, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Dollar General in Bolton, Connecticut. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,359,381.
Dollar General is located at 1100 Boston Turnpike (US Route 44) in Bolton, Connecticut. This is a new construction Dollar General that will be completed in 2022. The property consists of a 10,542 square foot stand-alone building on a 1.87-acre parcel of land. Dollar General has a new 15-year corporate guaranteed Absolute Net lease followed by three, 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is strategically located on Boston Turnpike (US Route 44), the main thoroughfare traversing Bolton. The Property is 1-mile from the junction of US Route 44, US Route 6 and Interstate 384, which provides direct access to Manchester, CT and Hartford, CT. Dollar General will be the primary shopping destination for the surrounding area, as the closest national grocer is approximately 6-miles away. The Property sits 0.25-miles from Bolton Lake, a popular destination for area residents and tourists, and boating enthusiasts. In addition, UCONN’s main campus is approximately 7 miles east of the property in Storrs, CT. There are nearly 20,000 students at the Storrs campus. Downtown Hartford is a short drive directly west of the property. Headed west, Boston Turnpike (US Route 44) turns into I-384 then I-84 which leads into Hartford making this ideal for commuters.
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.