SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $53M
Dollar General Portfolio Kentucky
$53,000,000
Building Size
—
Asset Type
—
Closing
Aug 1, 2022
About this deal
AI
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.
On the Map
$53,000,000
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Players
Humboldt CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93