MOUNT OLIVE, Ill., September 13, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Dollar General, a 10,649-square foot net-leased property located in Mount Olive, Ill., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $232,500.
Daniel Hurd and Edward Kemp, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Daniel Hurd and Edward Kemp. Broker, Steven Weinstock, assisted in closing this transaction.
Dollar General is located at 111 South Old Route 66 in Mount Olive, Ill. The site was built to suit for Dollar General in 1981 and renovated for Dollar General in 2000.
Dollar General uses this location as their regional training facility and has made capital improvements that include the buildout of a training room and a new HVAC unit. Dollar General has operated at this site for 20+ years and serves as the main retailer in town.
About Marcus & Millichap (NYSE: MMI)
With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit:www.MarcusMillichap.com.