Saturday, August 20, 2016

Marcus & Millichap Brokers $968,000 Sale of 9,100-SF Dollar General in Luthersville, GA

Daniel Hurd
LUTHERSVILLE, GA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Dollar General, a 9,100-square foot net-leased property located in Luthersville, Georgia, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $968,000.

Daniel Hurd, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

The buyer, a limited liability company, was secured and represented by Hurd. Michael Fasano, broker, assisted in closing this transaction.

Dollar General is located at 164 South Main Street in Luthersville, Georgia. Constructed in 2010, the subject building is 9,100 square feet and sits on approximately 1.09 acres 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.

Michael Fasano 
“As a result of our strategic marketing campaign we generated multiple offers on this listing which resulted in a sale to an out-of-area buyer,” says Hurd. 

“This was an excellent opportunity for the buyer to take advantage of historically low interest rates and aggressive financing options to maximize his return on investment.”

“Marcus & Millichap has sold over 92 Dollar General stores so far this year, and is on pace exceed 2015 numbers,” concluded Hurd.

For a complete copy of the company’s news release, please contact:
Ari Ravi
Regional Manager
Tampa, FL
(813) 387-4700

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