Sold: 3-Store Net Leased Dollar General Portfolio
Wednesday, December 3rd, 2014
By: Steve Goldman, CCIM
Dollar General, Alcoa, Tenn.
Goldman Partners Realty represented the buyer on the search and purchase of a portfolio of three, net-leased East Tennessee Dollar General stores.
PROPERTY DETAILS
Portfolio Price: $2,305,000
Cap Rate: 8.7%
NOI: $200, 676
Lease Expirations: 2021-2022 (8-9 years remaining)
Lease Type: NN
Locations: Alcoa, White Pine and Friendsville, Tenn.
Brokers: John Dempster and Steve Goldman, CCIM
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Email: Steve Goldman
