Sunday, August 7, 2016

Marcus & Millichap Arranges Sale of Dollar General Site in Chesnee, SC

Daniel Hurd
CHESNEE, SC – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 9,014-square foot net-leased Dollar General located in Chesnee, South Carolina, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

Daniel Hurd, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer was secured and represented by Hurd, and Raj Ravi, broker of record, assisted in closing this transaction.

The Dollar General is located at 5098 Chesnee Highway in Chesnee, South Carolina. The subject building is 9,014 square feet, constructed in 2005 and sits on approximately one acre of land. 

Dollar General currently operates in more than 43 states and focuses on the sale of items such as foods, snacks, health and beauty aids, housewares, cleaning supplies and seasonal items.

The company has been rapidly expanding and is set to open approximately 800 new locations this year.

“Throughout our strategic marketing campaign we were able to general multiple offers on this deal, which resulted in a purchase from an out-of-area buyer,” says Hurd. “The buyer, an individual investor out of Mississippi, sees this investment as a great long term, passive cash flow opportunity, and is optimistic about the tenant continuing to extend the lease moving forward.”
For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
First Vice President / Regional Manager, Tampa
(813) 387-4700

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