Net Lease Dollar General Sold

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 1346 Ardmore Highway in Taft, Tennessee for $1,275,837.

The 9,100 square foot property is located near the intersection of Ardmore Highway and Old Railroad Bed Road, which is the center of Taft. The property is also conveniently positioned just two miles north of the Alabama-Tennessee border and roughly twenty-five miles from Huntsville, Alabama. The surrounding area has strong demographics, as more than 14,500 people live within seven miles. Additionally, the average household income within three miles is $94,000.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a family office, and the buyer was a Texas-based real estate investor.

Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished—such as food, snacks, health and beauty aids, cleaning supplies, and seasonal items—at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.

“Net lease assets in states without income taxes still trade at a premium” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman of The Boulder Group, added, “The market for new construction net leased dollar stores remains active as they offer a stable investment at attractive yields at low price points.”

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