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Calkain Companies’ Rich Murphy and Stephen Counts, represented the buyer in the acquisition of a Dollar General store in Quincy, FL. The landlord friendly lease terms, strength of the Dollar General brand and credit, in addition to a solid yield, attracted the buyer, a private investor based in Colorado. The 9,000+/- square foot building is net leased to Dollar General with a corporate guarantee. Counts commented, “We are seeing very high demand from buyers looking for Dollar General stores, especially since their credit rating upgrade to BBB- by S&P earlier this year.” Murphy continued, “Compared to a year ago, cap rates on Dollar General deals are compressed somewhat, but a combination of the newer true triple-net lease prototype, and credit upgrade make them really attractive to investors.” Brett Butler and Andrew Peeples of Stan Johnson Company represented the seller.
Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. While licensed to conduct business in many states, nationally, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast and Northeast United States. Additional information about the firm and listings may be found at www.calkain.com.
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