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| Nancy Miller |
ATLANTA (January 16, 2017)
— Bull Realty brokered the sale of a $4.7 million Family Dollar portfolio of
three single tenant net lease locations, two in Georgia and one in Alabama.
The
properties, all built in 2015, each have 15-year triple net leases with 6
five-year options. The transaction closed on January 9, 2017 for $4,695,855 at
a 6.5% cap rate.
Two of the three
properties were exclusively listed by Nancy Miller, President of the National
Net Lease Investment Group at Bull Realty.
These Family Dollars locations were
in Albany, GA and Montgomery, AL. A third location in Warner Robbins, GA was an
off-market location.
In the current
environment, brokers are challenged with of a limited supply of quality net
lease properties. However, because of
her developer relationships, Miller was able to identify the third property
from a seasoned Family Dollar developer to complete the portfolio.
“We are
fortunate to have great relationships with developers so we are able to find on
and off market opportunities for buyer needs and we are very ‘broker-friendly’
too,” said Miller.
The Albany location sold
for $1,528,209. The Montgomery location sold for $1,589,123. And the Warner
Robbins location sold for $1,578,523. These transactions were part of a 1031
exchange completed by a Savannah buyer, represented by Sperry Van Ness.
For a complete copy of the company’s news release,
please contact:
Nancy Miller at
404-876-1640, x 118 or email: NMiller@BullRealty.com.
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