Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Dollar General Freer, TX, an 8,125-square foot net-leased property located in Freer, TX, according to David G. Bradley, regional manager of the firm’s Tampa office.
Daniel Hurd, First Vice President with the Hurd Net Lease Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Daniel Hurd with assistance from Regional Manager, Broker of Record, Tim Speck.
Dollar General Freer, TX is located at 1033 E Riley St in Freer, TX. “Sellers are in the driver's seat right now. Covid-19 has only further accelerated the demand we are receiving for dollar store properties across the country and Dollar General has proven to be a clear leader in this sector. We were able to generate multiple offers on the Freer location, ultimately closing at 97% of list price. The buyer was local to Texas and saw tremendous value in Dollar General’s strong credit rating, coupled with the recent lease renewal through 2027. This transaction was closed all cash and just 28 days following the contract execution”, says Hurd.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
