SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $200M With Legacy Realty Group Advisors
SOLD
$20,000,000
South Carolina
See Similar DealsRetail1,400,000 SF
Sold 11/01/2022
SOLD
SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $200M With Legacy Realty Group Advisors
Dollar General Portfolio - Phase II
See Similar DealsRetail1,400,000 SF
Sold 11/01/2022
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$14
Total Square Footage:1,400,000 SF
Transaction Type:Sale
The Dollar General Portfolio - Phase II, located in Kentucky and Tennessee, was recently sold in a closed transaction. The asset is a retail property with a total square footage of 1,400,000. The property was sold by SD Development.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $200,000,000
- Seller: SD Development
The brokers involved in this deal were Jacob Baruch and Daniel Baruch from Legacy Realty Group Advisors.
The sale price for the Dollar General Portfolio - Phase II was set at $200,000,000, with a price per square foot of $143.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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