Net Lease i Ohio

EXP Realty Advisors closes $1.3 million Dollar General sale in Ohio

EXP Realty Advisors sells Dollar General store in Ohio for $1.3 million,ph01

EXP Realty Advisors closed the sale of a single-tenant Dollar General property at 1651 Cooper Foster Park Road in Amherst, Ohio. The property sold for $1.375 million at a cap rate of 6.3 perent.

Dollar General has a net lease with 11 years remaining for a 9,100-square-foot building on a 1.44-acre lot.

Located 30 miles west of downtown Cleveland, the parcel is locaed on the primary east-west thoroughfare through the newer part of Amherst.

Andrew Greenberg, director of sales for EXP Realty Advisors, brokered the transaction. The buyer, a Southern California-based real estate investor, needed to complete a 1031 exchange.