December 17, 2020
Marcus & Millichap finalized the sale of Dollar General Freer, TX, an 8,125-square foot net-leased property located in Freer. Deal terms weren’t disclosed.
Daniel Hurd, first VP with the Hurd Net Lease Group in Marcus & Millichap’s Tampa office, marketed the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Hurd with assistance from regional manager Tim Speck.
“Sellers are in the driver’s seat right now,” said Hurd. “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.”
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