The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Dollar General located at 11477 Jeddo Road in Yale, Michigan for $1,590,000.<\/p>\n
The 10,640 square foot building benefits from its location along Brockway Road, which is a primary north-south thoroughfare for the area. The property is 68 miles northeast of Detroit, Michigan. Tenants in the area include McDonald\u2019s, A&W, Subway, Family Dollar, and several others. There are 8,205 people living within seven miles of the property earning an average annual household income of $84,461 which are ideal demographics for Dollar General locations. The property is also less than five minutes north of Yale High School.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based developer and the buyer was a Midwest based real estate investor.<\/p>\n
Dollar General is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth. Dollar General offers products such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items\u2014at low, everyday prices.<\/p>\n
\u201cDespite the state of the market, properties leased to financially sound tenants like Dollar General continue to transact\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cDiscount retailers thrive in areas like these where there are limited grocery and convenience store options.\u201d<\/p>\n