July 30, 2021 – Steve Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Dollar General in Sherwood, Ohio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,265,000.
Dollar General is located at 9843 US Highway 127 in Sherwood, Ohio. This is a newer construction Dollar General that was completed in 2017. The property consists of a 7,489 square foot stand-alone building on a 1.72-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 adjacent to the intersection of US Highway 127, the primary north south highway traversing Sherwood, and OH Route 18, the primary east west thoroughfare traversing the town. Dollar General benefits from outstanding visibility and a large pylon sign along US Highway 127. Sherwood is located in northwest Ohio, approximately 10 miles west of Defiance, OH and 40 miles east of Fort Wayne, IN.
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.