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Texas  + Retail  | 

Net-Leased Dollar General Trades in Freer

Marcus & Millichap finalized the sale of Dollar General Freer, TX, an 8,125-square foot net-leased property located in Freer. Deal terms weren’t disclosed.

Daniel Hurd, first VP with the Hurd Net Lease Group in Marcus & Millichap’s Tampa office, marketed the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Hurd with assistance from regional manager Tim Speck.

“Sellers are in the driver’s seat right now,” said Hurd. “COVID-19 has only further accelerated the demand we are receiving for dollar store properties across the country and Dollar General has proven to be a clear leader in this sector. We were able to generate multiple offers on the Freer location, ultimately closing at 97% of list price. The buyer was local to Texas and saw tremendous value in Dollar General’s strong credit rating, coupled with the recent lease renewal through 2027.”

For comments, questions or concerns, please contact Paul Bubny

Connect

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Lease
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