Hastings, NE – [December 21, 2020] – Blue West Capital has completed the sale of a new construction single tenant net leased Dollar General property located at 2511 West 2nd Street, Hastings, NE for $1,433,000. Robert Edwards, represented the purchaser. The purchaser was a Colorado-based investor, a repeat client of Blue West Capital.
This Dollar General features a new fifteen-year absolute triple net lease and a brand new 2020 constructed building. Dollar General is publicly traded (NYSE: DG) with a market capitalization in excess of $50 billion. Dollar General has an investment grade credit rating (S&P BBB).
Blue West Capital successfully sourced this Dollar General investment property for a repeat client before it became available on the open market. Dollar General is strategically located on a major east-west thoroughfare with over 27,000 residents living within five miles. The city of Hastings is the county seat of Adams County, Nebraska.
“Investor demand for single tenant net leased properties with investment grade tenants remains extremely high while the supply for quality assets with good underlying real estate is low. This Dollar General offers both.” Said Robert Edwards, Managing Partner.