JUST SOLD | Dollar General (S&P BBB-) in Red Oak, North Carolina - Price: $656,000 | Cap Rate: 8.22% | GLA: 9,014 SF
Kyle Hartung, Director of Investment Sales, and Robert Yaskanich, Associate, have just completed the sale of the 100% fee-simple interest in the freestanding NN-leased Dollar General (NYSE: DG) in Red Oak, North Carolina. The sale took only 55 days from listing to closing and received multiple offers. The lease is corporately guaranteed by Dollar General Corporation, an investment grade corporation (S&P: BBB-, stable outlook), and expires in 2022 due to an early lease extension by Dollar General.
Goodman Real Estate Services Group is a commercial real estate brokerage specializing in marketing or acquiring real estate for its clients. Kyle Hartung and Robert Yaskanich can be reached at (216) 381-8200 and look forward to discussing any investment sale needs, whether you interested in selling, acquiring, or evaluating the current position of your property.