Northmarq announces sale of newly built Dollar General in Georgetown, TX

Jack Collins

 AUSTIN, TX  — Jack Collins, senior associate in Northmarq’s Chicago office, completed the sale of a brand new, single-tenant property leased to Dollar General located at 1310 Westinghouse Rd. in Georgetown, TX.

 Collins successfully closed the property at a 5.25% cap rate to a private investor.

 “Even with turbulent market conditions, properties in Sun Belt markets, like Austin, TX are continuing to have a lot of activity and achieve strong pricing when compared to other regions,” said Collins.

 

The newly constructed freestanding Dollar General features 10,566 sq. ft. situated on  approximately 1.32 acres. The property is located just off Interstate 35 along the busy Westinghouse Rd.

Downtown Georgetown, TX

Georgetown, TX is a suburb less than 30 minutes north of Austin, TX, and has been ranked as one of the fastest growing cities in the U.S. The tenant operates on a long-term net lease space.  

 

 Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes. For more information, visit

 

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association 

of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 www.Northmarq.com.