Updated Oct 29, 2024
SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $200M With Legacy Realty Group Advisors
Dollar General Portfolio - Phase II
$20,000,000
$14/SF
Building Size
1,400,000 SF
Asset Type
Retail
Closing
Nov 1, 2022
About this deal
AI
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
Jefferson 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93