CRAWFORDSVILLE, IN—June 10, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,475,000 sales transaction for the 15,674 square foot Dollar General Plus store located at 204 Maple Street in Crawfordsville, Indiana.
Ryan Bennett and Ryan Barr of Lee & Associates – North San Diego County represented the seller of the freestanding retail building.
At the time of sale, Dollar General had eight years left on their 10 year double net (NN) lease and four upcoming five year options to extend.
Bennett noted, “The seller chose to take advantage of the current demand for net leased properties and sell the property while it still had a long term lease with Dollar General.”
“Because of the current market, we received multiple offers and achieved an aggressive cap rate of 7.03%. In the end, the transaction benefitted both parties involved,” added Barr.