GRANDVIEW, WA – [May 19, 2023] – Blue West Capital has completed the sale of a new construction net leased Dollar General located at 1005 Plaza Way in Grandview, WA for $2,257,000. Zach Wright, of Blue West Capital, represented the purchaser, an all-cash 1031 exchange investor based in California. The seller was a development company based in the Southwest.
The Dollar General property is strategically located west of the signalized intersection of Wine Country Road and North Euclid Street and is about one mile south of Interstate 82. There are approximately 20,000 people living within a five-mile radius of the property. Grandview is located approximately 180 southeast of Seattle and 40 miles west Kennewick.
The Dollar General store opened in 2022 and features a long-term absolute triple net lease. Dollar General is an investment grade rated tenant (S&P: BBB) and is a publicly traded company (NYSE: DG) with a $47 billion market capitalization.
“Demand for Dollar General properties remains strong amongst 1031 exchange investors. These properties offer an investment grade rated tenant, an e-commerce and recession resistant business model, and a lower price point.”
Zach Wright, Director & Partner
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