Net Leased Dollar General Sale Arranged Date December 13, 2021
The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Dollar General located at 4123 Western Avenue in South Bend, Indiana for $1,580,000.
The 9,026 square foot Dollar General property is strategically located along Western Ave (14,517 VPD), which is a primary east-west thoroughfare in the area. The property is situated in a retail corridor with Kroger, CVS, Advance Auto Parts, Walgreens, Firestone and KeyBank. The Dollar General is also ideally located in close proximity to Washington High School (906 students) and Navarre Middle School which drives continual traffic to the corridor. There are over 112,000 people living within five miles of the property. The property is also located five miles from The University of Notre Dame which has 12,000 students and over 5,000 employees. The University is one of the top employers in the area and economic drivers for the city. This property benefits from above average population density for a dollar general location.
Randy Blankstein and John Feeney of The Boulder Group represented the both parties. The seller was a Midwest based individual and the buyer was a Southeast based investment group.
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operates more than 12,500 stores in 43 states.
“This Dollar General location benefits from its close proximity to the University of Notre Dame” said Randy Blankstein, President of The Boulder Group. John Feeney, Senior Vice President of The Boulder Group, added, “The investor market for net leased dollar stores remains highly active especially for stores in larger markets.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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