SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $60M With Brokers Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
Tennessee, United States
$60,000,000
$148,148/SF
Building Size
405 SF
Asset Type
Retail
Closing
Jan 2, 2023
About this deal
AI
The Dollar General Portfolio, located in Kentucky and Tennessee, was recently sold in a transaction facilitated by Legacy Realty Group Advisors. The retail property, spanning 405,000 square feet, was acquired by SD Development for a sale price of $60,000,000, equating to a price per square foot of $148.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $60,000,000
- Address: Dollar General Portfolio
- Market: Kentucky & Tennessee
Jacob Baruch and Daniel Baruch, representing Legacy Realty Group Advisors, acted as the brokers in this deal.
Players
Liberty 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93