SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $60M With Brokers Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
SOLD
$60,000,000
Tennessee
See Similar DealsRetail405 SF
Sold 01/02/2023
SOLD
SD Development Sells Dollar General Portfolio In Kentucky & Tennessee For $60M With Brokers Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
Tennessee, United States
See Similar DealsRetail405 SF
Sold 01/02/2023
Summary
TENNESSEE
Asset Type:Retail
Price Per Square Foot:$148,148
Total Square Footage:405 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33
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