Marcus & Millichap Real Estate Investment Services closed the sale of a 9,360-square-foot net-leased property Dollar General store in Marion, Ohio. The asset commanded a sales price of $1.1 million.
John Reehil, Antoine Matthews and Dan Yozwiak, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
There are 14 years left on the corporate double-net lease with Dollar General. The property was constructed in 2010 and was delivered at an 8.25 percent cap rate to a private investor from out of state who used funds from a TIC in a tax-deferred exchange to purchase the property.