The Boulder Group has just completed the sale of a single tenant net leased Dollar General property in Grovetown, GA for $987,000. The building, which encompasses 9100 ft.² and is located on a 1.32 acre parcel, has been leased to Dollar General on a long-term basis.
The seller was a private developer based in Georgia, and was represented by Randy Blankstein and Jimmy Goodman of The Boulder Group. The building was purchased by a private investor in New Jersey.
Randy Blankstein, president of The Boulder Group said "Newly constructed Dollar General properties remain in high demand as they offer investors attractive yields combined with no landlord responsibilities."
Jimmy Goodman, partner of The Boulder Group added "Our private investors are attracted to Dollar General properties as there are few tenants of this financial policy that execute 15 year leases that are offered near the million dollar price point."
The Boulder Group is a boutique investment real estate service firm which specializes in single tenant net leased properties. It is able to provide clients with a full range of advisory, brokerage, and financing services nationwide. Its client base is substantial and diversified and includes high net worth individuals, REITs, institutional investment funds, developers and partnerships. Since the firm was founded in 1997, it has arranged the acquisition and disposition of more than $1.2 billion of single tenant net lease real estate transactions. Its headquarters is in suburban Chicago, and more information about the firm can be found on its website.