SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $53M With Legacy Realty Group Advisors
SOLD
$53,000,000
Kentucky
See Similar DealsRetail350,000 SF
Sold 08/01/2022
SOLD
SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $53M With Legacy Realty Group Advisors
Kentucky, United States
See Similar DealsRetail350,000 SF
Sold 08/01/2022
Summary
KENTUCKY
Asset Type:Retail
Price Per Square Foot:$151
Total Square Footage:350,000 SF
Transaction Type:Sale
The Dollar General Portfolio, located in Kentucky and Tennessee, has been sold in a transaction facilitated by Legacy Realty Group Advisors. The property, a retail asset, spans approximately 350,000 square feet and was sold by SD Development.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $53,000,000
- Address: Dollar General Portfolio
- Market: Kentucky & Tennessee
- Seller: SD Development
- Brokers: Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
- Square Footage: 350,000
- Price Per Square Foot: $151
Jacob Baruch and Daniel Baruch, from Legacy Realty Group Advisors, played a key role in representing the parties involved 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)
$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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