Marcus & Millichap closed the sale of a net-leased Dollar General Market property in Hobart, Indiana, for more than $2.139 million.
Jack Friskney, Aaron Kuroiwa and Austin Meeker, investment specialists in Marcus & Millichap’s Indianapolis office, secured an Indiana-based buyer. The buyer, who recently sold multifamily assets in Lafayette, is completing a 1031 exchange by reinvesting into multiple Dollar General locations throughout the state.
Located at 3451 W. 37th Ave., the newly constructed Dollar General Market benefits from immediate access to Interstates 65 and 94, which see daily traffic volumes of 110,000 and 169,800 vehicles. It is located less than 40 miles from downtown Chicago.
