May 3, 2024 – Austin Smith of Horvath & Tremblay has successfully completed the sale of Dollar General in Wilmington, Delaware. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,950,000.
Dollar General is located at 1900 N Market Street in Wilmington, Delaware. Dollar General commenced a 15-year Absolute Net Lease in 2015 that has 6+ years of term remaining followed by five (5), 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property is positioned at the signalized intersection of E 19th Street and US Highway 13 BUS, one of the area’s primary commercial and commuter corridors traversing Wilmington. Dollar General benefits from excellent visibility and frontage in a densely populated neighborhood just northeast of the city center. The Property is easily accessible from the area’s primary roadways including Interstates 95 and 495, US Highway 13, and DE Routes 3, 4, 9, and 202. More than half of all Fortune 500 companies call Wilmington their corporate home. Wilmington offers a dynamic environment for more than 40,000 workers and is the corporate, financial, and governmental hub of the state and region.
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.