EXP Realty Advisors closed the sale of a single-tenant Dollar General property at 1651 Cooper Foster Park Road in Amherst, Ohio. The property sold for $1.375 million at a cap rate of 6.3 perent.
Dollar General has a net lease with 11 years remaining for a 9,100-square-foot building on a 1.44-acre lot.
Located 30 miles west of downtown Cleveland, the parcel is locaed on the primary east-west thoroughfare through the newer part of Amherst.
Andrew Greenberg, director of sales for EXP Realty Advisors, brokered the transaction. The buyer, a Southern California-based real estate investor, needed to complete a 1031 exchange.