SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $60M
SOLD
$60,000,000
Kentucky
See Similar DealsSold 02/01/2023
SOLD
SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $60M
Dollar General Portfolio Kentucky
See Similar DealsSold 02/01/2023
Summary
KENTUCKY
Transaction Type:Sale
The Dollar General Portfolio, a retail asset, was recently sold in a closed transaction in Kentucky and Tennessee. The property, spanning 405,000 square feet, was sold by SD Development for a total price of $60,000,000. This equates to a price per square foot of $148.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $60,000,000
- Square Feet: 405,000
- Price per Square Foot: $148
- Address: Dollar General Portfolio
- Market: Kentucky & Tennessee
Jacob Baruch and Daniel Baruch from Legacy Realty Group Advisors served as the brokers representing SD Development in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33
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