February 29, 2024 – Kyle Danielson and Ryan O’Rourke of Horvath & Tremblay have successfully completed the sale of Dollar General in Wilbur, Washington. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,695,000.
Dollar General is located at 715 NE Main Avenue in Wilbur, Washington. This is a new construction Dollar General that was completed in 2023. The property consists of a 12,480 square foot stand-alone building on a 1.96-acre parcel of land. Dollar General has 14+ years of term remaining on a corporate guaranteed Triple 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 NE Main Avenue (US Highway 2), the primary commercial and commuter corridor traversing Wilbur. The Property also offers convenient access to WA Routes 21 and 174. With extremely limited commercial shopping options in and around Wilbur, Dollar General is able to service the town which is not currently served by a big box department store or grocery store. The closest grocery store is more than 20 miles away in Grand Coulee, WA. Wilbur is located 65 miles west of Spokane, WA.
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.