Dayton, OH & Jackson, MI – [February 4, 2022] – Blue West Capital has completed the sale of a single tenant net leased Dollar General portfolio for $3,055,468. The portfolio consisted of the below Dollar General properties.
- 5997 West Third Street, Dayton, OH 45417 | $1,385,710
- 1052 Cooper Street, Jackson, MI 49202 | $1,669,758
Both Dollar General properties are located within densely populated areas with over 51,000 people living within three miles of the Jackson property and over 26,000 people living within three miles of the Dayton property. Both properties are strategically located at hard corners along major thoroughfares. Jackson is located approximately 180 miles north of Dayton.
Dollar General has operated at each location for approximately ten years. Both leases are absolute triple net with no landlord responsibilities. Dollar General is an investment grade rated tenant (S&P: BBB) and is a publicly traded company (NYSE: DG) with a market capitalization of $48 billion.
Zach Wright, of Blue West Capital, exclusively represented the repeat seller. The seller was a Florida-based partnership and the buyer was a 1031 exchange investor based in California.
“Dollar Generals are amongst the most sought-after single tenant property types by 1031 exchange investors. These properties offer investors an extremely passive lease to a best-in-class operator that has a proven successful business model,” stated Zach Wright, Director & Partner.