 |
| Family Dollar, Topmost, KY |
 |
| Daniel Hurd |
TOPMOST, KY, July 5, 2018 –
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 brand-new construction Family Dollar, a 8,320-square-foot
net-leased property located in Topmost, Kentucky, according to Ari Ravi,
regional manager of the firm’s Tampa office. The asset sold for $950,000.
The buyer, a private investor, was secured and
represented by Daniel Hurd, a senior investment advisor
in Marcus & Millichap’s Tampa office. Colby Haugness,
Broker, assisted in closing this transaction. Family Dollar is located at 6801
Highway 7 S in Topmost, KY.
“I was able to get my client into this deal at an excellent
price point and annual rate of return," stated Hurd. "Additionally,
we were able to navigate a short due diligence period and successfully plan for
the closing to occur almost simultaneously with the store opening.
"The property is
very well positioned, given the tenants business model and it benefits from no
immediate nearby retail competition. This store will provide the surrounding
communities with a low price and hassle-free shopping experience for years to
come.
 |
| Colby Haugness |
"We continue to
see an increase in investor demand for discount dollar stores, especially new construction
product."
For more information, please contact:
Ari
Ravi
Regional Manager, Tampa
(813) 387-4700
OR
Crystal Marino
|
|||
Brokerage Administrator/Front Desk
|
|||
|
|||
No comments:
Post a Comment