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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Dollar General Store have Applied for a state License to Sell Beer

Arkansas' Alcoholic Control Board (ABC) is expected to vote today on whether Dollar General stores throughout the state can sell beer. Eighty-two locations have applied for permits, ABC officials said.

Being granted a beer license is not simple. If an objection for a permit has been filed for a particular location, the permit is often denied and an appeal hearing is set for a later date, The Baxter Bulletin reported. However, Walgreens and Walmart received similar approvals in 2010 and 2009, respectively.