Sep
11

Mooresville Dollar General Sold

By

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a triple net leased Dollar General property located at 218 East Plaza Drive in Mooresville, North Carolina for $1,472,786

The 9,026 square foot Dollar General was built in 2011 and is located along a heavily trafficked thoroughfare. The building is leased to Dollar General on a net lease basis with 14 years of lease term remaining. The property is located across the street from a Big Lots anchored shopping center and other nearby retailers. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB- and has over 9,300 stores nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a southeast based developer, in the transaction. The buyer was a private net leased investment fund and self-represented.

Be Sociable, Share!
    Categories : Charlotte

    Comments are closed.