The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Dollar General located at 11477 Jeddo Road in Yale, Michigan for $1,590,000.
The 10,640 square foot building benefits from its location along Brockway Road, which is a primary north-south thoroughfare for the area. The property is 68 miles northeast of Detroit, Michigan. Tenants in the area include McDonald’s, A&W, Subway, Family Dollar, and several others. There are 8,205 people living within seven miles of the property earning an average annual household income of $84,461 which are ideal demographics for Dollar General locations. The property is also less than five minutes north of Yale High School.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based developer and the buyer was a Midwest based real estate investor.
Dollar General is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth. Dollar General offers products such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items—at low, everyday prices.
“Despite the state of the market, properties leased to financially sound tenants like Dollar General continue to transact” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Discount retailers thrive in areas like these where there are limited grocery and convenience store options.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $6 billion of single tenant net lease real estate transactions. From 2012-2022, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html