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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.
- ◦Sale/Acquisition
