Houston, TX (December 23, 2013) –
A 9,100 square foot Net Leased Dollar General – Houston, TX sold for an undisclosed amount with 5 years remaining on the lease.
The buyer was in a 1031 Exchange and represented by Branson Blackburn of KW Net Lease Advisors, a Texas based investment real estate brokerage & advisory firm, and the seller was represented by Neal Owens with Capital Growth.
Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operated 13,429 stores in 44 states as of March 3, 2017. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
Dollar General sells similar products as wholesale retailers Wal-Mart (WMT) and Target (TGT), but typically at lower prices. Because of this, during harsh economic conditions, many consumers may make the change of shopping at Dollar General instead of a regular wholesale retailer.http://www.dollargeneral.com
See more about Dollar General including average trading prices, lease details and cap rates.