April 6, 2022 – Joe Prisco, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Dollar General in Winston-Salem, North Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,868,636.
Dollar General is located at 2981 S Main Street in Winston-Salem, North Carolina. The Property was a build-to-suit for Dollar General; the 7,500 square foot corner entry stand-alone building was completed in 2017 and sits on a 1.29-acre parcel of land. 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 at the intersection of S Main Street and Cassell Street in a residential neighborhood. The site is approximately 1-mile from Interstates 40 and 285, as well as the Salem Business Park. The Property is approximately 3 miles from downtown Winston-Salem and serves the immediate needs of the residents living in the southwestern portion of the city.
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.