Pinnacle Real Estate Advisors Arranges Sale of New Construction Dollar General
Pinnacle Real Estate Advisors, LLC is pleased to announce the Wright-Johnson National Net Lease Investment Sales Team has completed the sale of a net lease, single tenant Dollar General property located at 18030 State Highway 6 in Lewistown, Missouri. The new construction Dollar General property was built in 2016.
Zach Wright and Jeff Johnson of Pinnacle Real Estate Advisors represented the seller in the transaction; a Midwest-based developer. The purchaser was a partnership in a 1031 exchange based in the Midwest.
The 9,100 square foot Dollar General is strategically positioned just west of the State Highway 6 and State Highway 16 junction, both of which are primary thoroughfares in the trade area. The property is located in the Quincy Micropolitan Statistical Area which was recently ranked by Forbes Magazine as the eighth “Best Small City to Raise a Family”. The Dollar General was constructed in 2016 and features a long term net lease that expires in July 2031.
“Dollar General properties remain amongst the most attractive net lease retail assets to the investor community. Dollar General’s business model is largely E-commerce resistant as 2016 saw Dollar General continue to grow their same-store sales for the 27th consecutive year,” said Zach Wright, Associate Advisor.
“In a largely competitive dollar store market with many available properties, our national marketing platform continues to give our clients an inside track to the most qualified, and most aggressive buyer pool.” added Jeff Johnson, Co-Founder and Principal.