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Chicago & Midwest  + Illinois  + Retail  | 

Marcus & Millichap Closes Sale of Net-Leased Dollar General

Marcus & Millichap closed the sale of Dollar General, a 9,100-square-foot net-leased property located in Toluca, Illinois. The asset sold for $1,093,000.

Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles, investment specialists in Marcus & Millichap’s Cleveland and Columbus offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was secured and represented by Jeremie Johnson and Nathan Whalen, investment specialists in Marcus & Millichap’s Indianapolis office. Steven Weinstock, Illinois Broker of Record, assisted in closing this transaction.

Dollar General is located at 710 IL-117, roughly 30 miles from Peoria. The property offers easy access to Interstate 39 and Illinois Route 17. Javitch, the lead agent on the deal, said, “Despite a slowdown in transactional volume across the net-leased sector, we were successful in finding a local 1031 buyer and facilitating a closing in less than three weeks from the execution of a contract.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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