Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Dollar General, a 8,125-square foot net-leased property located in Vicksburg, MS, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $705,000.
Dominic Sulo and Matthew Wenger, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured by Dominic Sulo and Matthew Wenger. Elizabeth Williams, Broker, assisted in closing this transaction.
Dollar General is located at 2203 Clay Street in Vicksburg, MS and sold at 97 percent of its original list price. Other retail in the area includes Rite aid, McDonald’s, Rent-A-Center, O’Reilly Auto, Advance Auto and Family Dollar. Traffic counts are in excess of 18,000 cars per day and there is a good population density with 28,000 plus people in a five mile radius.