B+E sells Dollar General property for $3.49 million using its new 1031 exchange trading platform

Spencer Henderson

NEW YORK, NY– B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the Dollar General property at 581 North Main St., Jamestown, KY, for $3,490,000.

The buyer worked with B+E to find the property using 1031 Trade, B+E’s new trading platform for 1031 exchange buyers.  The net lease retail property carries a cap rate of +/-7.13% with 7+ years of remaining lease term.  

The buyer, City Gate Properties, LLC, was completing a 1031 exchange.

"B+E’s online platform used AI to sweep the national market and find a net lease property that matched our buyer’s criteria," said Spencer Henderson, a B+E broker. 

Michael J. Polk

“It’s incredible because buyers can quickly see nearly every deal currently on the net lease market and place offers.”  

The deal was executed by B+E in conjunction with Michael Polk of Polk Properties.

For more information on this transaction, please contact Spencer Henderson at Shenderson@benetlease.com or go to www.benetlease.com.

Contact:

John Vita

John Steven Vita Communications

John.vita@jsvcom.com

847/853-8283