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Stan Johnson Company has completed the $8.5million sale of four freestanding Dollar General locations across the state of GA.

Foundation’s $9M Buy of Dollar General Stores Supports Charitable Giving

Stan Johnson Company has completed the sale of four freestanding Dollar General locations across the state of GA. Together, the four properties totaled $8.5 million with an average cap rate of approximately 5.00%.

Doug Clyburn and Julie Clyburn of Stan Johnson Company represented the 1031 exchange buyer in all transactions.

“We were privileged to work with a retired doctor and his foundation to source and purchase four new Dollar General locations,” said Doug Clyburn. “These secure and stable assets will ensure continued funding for his non-profit foundation which provides support through charitable giving to a local GA community.”

The four unique sellers were developers and private investors based in Alabama, California and Georgia.

Combined, the properties totaled nearly 38,000 square feet. All built within the last few years, the properties featured long-term net leases and sizable acreage. The properties are located in the northeast GA cities of Bishop, Colbert, Cornelia and Loganville.

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Stan Johnson Company's Clyburn

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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