Thursday, July 5, 2018

Marcus & Millichap Arranges $950,000 Sale of 8,320-SF Family Dollar Property in Topmost, KY


Family Dollar, Topmost, KY


Daniel Hurd
TOPMOST, KYJuly 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.
Colby Haugness
"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.
"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
Marcus & Millichap
4030 W. Boy Scout Boulevard
Suite 850
Tampa, FL 33607
(813) 387-4700 main
(813) 380-7694 mobile
(813) 387-4710 fax
crystal.marino@marcusmillichap.com



No comments:

Post a Comment