Marcus & Millichap Sells 24-Property Dollar General Portfolio in Texas and Alabama

DALLAS TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a 24-store Dollar General (top right photo) portfolio with locations in Texas and Alabama. The sales price is $20 million.

Douglas Passon, a senior associate in the Detroit office of Marcus & Millichap, and Brandon Duff, an investment specialist in the firm’s Chicago Downtown office, represented the buyer. Tim A. Speck, regional manager of the firm’s Dallas office, and Andrew Clark, an investment specialist in the firm’s Birmingham office, assisted in the sale.

“This investment represented a rare opportunity for the buyer to acquire a 24-property Dollar General portfolio with non-recourse debt already in place with an 80 percent loan-to-value ratio,” says Passon.

“The portfolio boasts stores with strong sales and long leases in place in thriving locations throughout Texas and Alabama,” adds Duff.

The portfolio includes two stores in Leeds, Ala. and Madison, Ala. The remaining stores are located in San Antonio, Houston and areas in south Texas.

Press Contact: Stacey Corso,
Communications Department,
(925) 953-1716