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NET LEASE INVESTMENT SALES: SPOTLIGHT ON DOLLAR GENERALOCTOBER 2018
MARKET OVERVIEW
$149.5million worth of transactions have taken place year-to-date
87%of Dollar General stores have been purchased by private buyers
131net leased Dollar Generalinvestment sales year-to-date
Data courtesy of Greysteel Research, CoStar Realty Information, Inc.
Survey includes freestanding NNN properties sold since 2013. Survey excludes portfolio, non-arms length, and detrimental condition sales.
QUARTERLY SALES VOLUME
AVERAGE SALE PRICE PER SF
$0
$20
$40
$60
$80
$100
$120
Sale
s Vo
lum
e (m
illio
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$100
$110
$120
$130
$140
$150
$160
$170
$180
Sale
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F
© 2018 Greysteel / 2
Sales Comparables
The report below features a sampling of properties sold since February 2018. Please note the different locations and adjust
comparisons accordingly. Also note that sales comparables provide a snapshot of recent transactions and are not a perfect
predictor of future market movement and behavior.
801 NW 79th StreetMiami, FL
881 Peters Mountain Road
Dauphin, PA
3305 Summer AvenueMemphis, TN
620 Hermitage Pond Road
Camden, SC
324 W Bancroft Street
Toledo, OH
Property
Close Date September 2018 August 2018 April 2018 February 2018 February 2018
Sale Price $3,400,000 $1,671,284 $1,562,998 $1,369,477 $1,545,000
Cap Rate 5.21% 6.70% 6.35% 6.50% 6.50%
RBA (SF) 7,100 9,100 7,500 9,100 9,367
Sale Price Per SF $478.87 $183.66 $208.40 $150.49 $164.94
Lease Type NNN NNN NNN NNN NNN
Term Remaining 15 Years 14 Years 15 Years 15 Years 10 Years
Year Built 2017 2017 2017 2018 2013
OCTOBER 2018
* Corporate Headquarters and Transaction Services Center
** For more information or to inquire about Greysteel, please contact Ari Firoozabadi, CEO & President ([email protected] | 202.417.3873)
Greysteel is licensed in: 10491206967 New York / 01984315 California / 9003203 Texas / LL98371301 Washington D.C. / RB068196 Pennsylvania / 100074465 Colorado / 636050 Maryland / 0226023703 Virginia / RB0020504 Delaware
New York • Los Angeles • Dallas • Fort Worth • Washington D.C.* • Philadelphia • Phoenix • Denver • Baltimore • Norfolk
SALES: FINANCE:
NET LEASE
TRANSACTION SERVICESAri Firoozabadi**President & CEO
Duerk BrewerChief Operating Officer
Yassi FarzanehDirector of Corporate Services
Rebecca WileyMarketing Director
Keeley ByerLead Research Analyst
Jessica Tucker Graphic Designer
Max FreedmanSenior Transaction Coordinator
Nicole CapobiancoDirector of Transaction Services
WASHINGTON, D.C.7735 Old Georgetown Road, Suite 301Bethesda, MD 20814
P. 202.280.2722F. [email protected]
HENRY SCHULDINGERSenior Investment [email protected]
LANCE AHMADIANSenior Investment [email protected]
BRENDAN SCANLONSenior [email protected]
