June 9, 2022 – William Succoso, Steve Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Dollar General in Swanton, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,500,000.
Dollar General is located at 2148 US Highway 20 in Swanton, Ohio. This is a newer construction Dollar General that was completed in 2018. The Property consists of a 7,489 square foot stand-alone building on a 1.0-acre parcel of land. Dollar General has 11 years of term remaining on a 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. The Property benefits from its location along US Highway 20, the primary east-west highway traversing Swanton. Dollar General benefits from outstanding visibility and a large pylon sign along US Highway 20. Dollar General is one of the only retailers in the immediate area and is integral to the everyday shopping of the area’s residents. The next closest dollar store is more than 7 miles away. Swanton is located in northwest Ohio, approximately 17 miles west of Toledo, OH.
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.