February 1, 2022 – Kyle Danielson and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of Dollar General in Lebanon, Maine. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,000,000.
Dollar General is located at 351 Carl Broggi Highway in Lebanon, Maine. The Property was a build-to-suit for Dollar General; the 9,100 square foot stand-alone building was completed in 2016 and sits on a 2.01-acre parcel. Dollar General has 10 years of term remaining on a corporate guaranteed Absolute Net lease followed by four (4), 5-Year renewal options. The lease calls for a 10% increase at the start of all four option periods. Dollar General is extremely well located along Carl Broggi Highway (US Route 202), the area’s primary commercial and commuter corridor. The property enjoys excellent frontage and visibility and serves as the primary shopping and grocery destination for the area. The closest Dollar General or grocery store is more than 6-miles away in Sanford.
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.