Net Lease Dollar General Sold

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Dollar General property located at 2244 US 36 in Wathena, Kansas for $1,842,000.

 

The 10,566 square foot building benefits from its location along South Park Street which is a main thoroughfare for the city of Wathena. The property will be less than one mile west of the Rosecrans Memorial Airport, a regional airport. It is also within proximity to downtown St. Joseph, MO which is home to attractions such as the Pony Express National Museum, Missouri Western State University, and many other businesses, schools, and museums. The area has ideal demographics for Dollar General.

 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a preferred Dollar General developer, and the buyer was an individual in a 1031 exchange.

 

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, basic apparel, housewares, and seasonal items—at low, everyday prices. A leading discount retailer, Dollar General operates 18,130 stores in 46 states and has plans for significant future growth.

 

“This location features ideal demographics for a Dollar General asset” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Dollar Stores continue to gain interest from 1031 buyers that require assets in the two-million dollar range.”

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