Tuesday, January 31, 2012

Dollar General Market Sold for $3.6 million

A subsidiary of Inland Diversified Real Estate Trust, Inc. has acquired a fee simple interest in the 20,707 square foot Dollar General Market store in Port St. Joe, FL for $3.6 million. The cap rate for this property is approximately 8.5 percent based on the purchase price paid at closing.

The property is leased to Dollar General Corp on a fifteen year, triple-net lease expiring in November 2026. The lease is renewable for four five-year terms, through November 2046. This Dollar General Market store includes both non-grocery and grocery components.


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