1031 Investor Buys Three Dollar General Properties Date August 27, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of three single tenant net leased Dollar General Properties for $3,722,513 to a 1031 investor.
The Dollar General properties are located in Roanoke, Virginia, Mabelvale, Arkansas and Dayton, Ohio. The properties were unique Dollar General properties, because they were located in major markets. The properties were all absolute NNN and feature rental escalations in the primary term.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction; a Midwest based investor in a 1031 exchange.
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operated more than 12,500 stores in 43 states.
“Dollar General properties in major metros continue to be in high demand amongst investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The market for net leased dollar stores remains active as they offer a stable investment at attractive yields.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $5 billion of single tenant net lease real estate transactions. From 2012-2018, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.comBack