Pinnacle Real Estate Advisors Arranges Sale of Three Property Dollar Store Portfolio in St. Louis


Pinnacle Real Estate Advisors, LLC has completed the sale of a single tenant dollar store portfolio consisting of three properties for $3,161,901. The portfolio consisted of two Dollar General properties and one Family Dollar property. All three of the properties are strategically located within the St. Louis MSA. With the completion of this transaction, The Edwards | Ethington Team has sold eight single tenant properties located within the St. Louis MSA in the past six weeks.

The portfolio included the following properties:

1) Dollar General – 7900 Olive Street, University City, MO

2) Dollar General – 10 Fee Fee Road, Maryland Heights, MO

3) Family Dollar – 9474 Lackland Road, Overland, MO

Zach Wright of The Edwards | Ethington Team represented the Purchaser; a high net worth 1031 exchange investor based in Colorado. The Seller was a local real estate company.

Both Dollar General locations are seasoned stores with proven operating histories. Dollar General is an investment grade rated tenant (S&P: BBB) and is publicly traded (NYSE: DG) with a market capitalization in excess of $28 billion. Dollar General operates over 15,000 locations nationwide.

Family Dollar has successfully operated at this location for approximately seven years. Family Dollar is a wholly-owned subsidiary of Dollar Tree which is an investment grade rated company (S&P: BBB-) and is publicly traded (NASDAQ: DLTR) with a market capitalization in excess of $20 billion.

“Investor demand for dollar store properties remains high as these properties offer investment grade credit, e-commerce resistance, and a higher yield in comparison to the single tenant market as a whole,” stated Zach Wright, Associate Advisor. “This portfolio featured three well-located properties within the St. Louis MSA with proven operating histories.”