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 9,100-square foot net-leased property located in Olive Branch, MS, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $700,000.
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 5415 Goodman Road in Olive Branch, MS and sold in 32 days at 99 percent of its original list price. The landlord is only responsible for the roof, structure and parking lot. Located along Goodman Road in Olive Branch, the property benefits from being on a main retail thoroughfare, with traffic counts exceeding 31,000 cars per day. The area is inundated with nationally known tenants, some of which include: Walmart, Target, Home Depot, Kroger, Walgreens, Mattress Firm, AT&T and more.
