SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $53M With Legacy Realty Group Advisors
Kentucky, United States
$53,000,000
$151/SF
Building Size
350,000 SF
Asset Type
Retail
Closing
Jul 31, 2022
About this deal
AI
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
Lebanon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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