April 3, 2020 – Matthew Patrick of Horvath & Tremblay has successfully completed the sale of Dollar General in Sylacauga, Alabama. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $465,000.
Dollar General is located at 19 North Broadway Avenue in Sylacauga. Dollar General has occupied the 9,576 square foot stand-alone building since its construction in 1989. Dollar General has 6 years of term remaining on a double net (NN) lease followed by two, 5-year renewal options. The lease calls for 10% rent increases at the start each option period. Dollar General is extremely well located along North Broadway Avenue and enjoys excellent frontage and visibility in the center of town. The property is surrounded by numerous other national retailers.
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.