SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $53M
SOLD
$53,000,000
Kentucky
See Similar DealsSold 08/01/2022
SOLD
SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $53M
Dollar General Portfolio Kentucky
See Similar DealsSold 08/01/2022
Summary
KENTUCKY
Transaction Type:Sale
The Dollar General Portfolio is located in Kentucky and Tennessee, comprising a retail asset with a sale price of $53,000,000. The total square footage of the property amounts to 350,000, which translates to a price per square foot of $151.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $53,000,000
- Square Footage: 350,000
- Price Per Square Foot: $151
- Seller: SD Development
- Brokers: Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
- Market: Kentucky & Tennessee
This transaction was facilitated by brokers Jacob Baruch and Daniel Baruch, who represented the seller, SD Development. Their expertise in the retail market contributed to the successful sale of the portfolio.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$188,297.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$251,247.04
Annual Debt Service$3,014,964.47
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