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"Given that Dollar General is in the Essential Retail category, the demand for their real estate assets has gone through the roof and will continue to be so into the foreseeable future."
SAN FRANCISCO, CA, June 30, 2020 /24-7PressRelease/ -- Andrew T. Vu, net lease leader for Touchstone Commercial Partners Inc., a prominent commercial real estate brokerage firm located in San Francisco, California, has completed the sale of a freestanding Dollar General located in Valley (Omaha MSA), Nebraska for $1,280,000.
Located in the affluent Valley Shores lake community and 15 minutes from Omaha, this property has a triple net lease, a high yield of 7%, and the tenant guaranteeing a long-term 10+ year lease with rent increase. The interest was exceedingly high and 11 qualified offers were acquired within days of launch. The buyer was a Nebraska-based private investor.
"This Dollar General property is a solid net lease investment vehicle. The new landlord will enjoy 100% passive rental income, predictable cash flow and zero landlord responsibility. Dollar General has a compelling business model that is both e-commerce and recession-proof," said Andrew Vu. "Given that Dollar General is in the Essential Retail category, the demand for their real estate assets has gone through the roof and will continue to be so into the foreseeable future."
Touchstone Commercial Partners, Inc. is a prominent commercial real estate brokerage firm located in San Francisco, California specializing in investment sales, leasing and advisory services for private investors and institutions throughout United States. Touchstone's real estate experts are savvy, seasoned advisors, and have a thorough understanding of the complex and dynamic real estate market. To date, Touchstone has closed over $2 billion of transactions in 45 states. Learn more at www.tcpre.com.
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