January 19, 2024 – Greg Moore, Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Dollar General in Philadelphia, Pennsylvania. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,296,750.
Dollar General is located at 3735 US Highway 270 in Pencil Bluff, Arkansas. Dollar General has been at this location since 2023 and has 9+ years remaining on their Double Net lease with three (3) 5-year renewal options. The lease calls for attractive 10% rent increases at the start of each renewal option. The 10,125 square foot facility was originally built for CVS in 2001 and subsequently updated and fit out for Dollar General in 2023. Updates completed include repairs and restriping of the parking area and replacement of the flat portions of the roof system. Dollar General is well-located at the signalized intersection of E Wingohocking Street, E Cayuga Street and Castor Avenue, the area’s primary commercial and commuter corridors connecting US Highway 13, US Route 1, and Interstate 95. The Property is located across the street from Juniata Park and Juniata Golf Club and is surrounded by densely populated residential neighborhoods providing a built-in customer base. The Property is also close to area schools and national retailers and is within 0.7-miles of two Septa Blue Line Stations.
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.