Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Dollar General, a 8,880 square-foot net-leased property located in Uniontown, Pennsylvania, according to Grant Fitzgerald, regional manager of the firm’s Cleveland office. The asset sold for $833,333.
Dustin Javitch, Craig Fuller, Erin E. 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 Pennsylvania based investor. The buyer, an out-of-state investor, was secured and represented by Kyle A. Stengle, an investment specialist in Marcus & Millichap’s Chicago Downtown office. Sean Beuche, Pennsylvania Broker of Record, assisted in closing this transaction.
Dollar is located at 474 N Gallatin Ave in Uniontown, Pennsylvania. “There continues to be high demand and historically strong valuations for dollar store leased properties despite the rising interest rate environment,” said Javitch on the transaction.
About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
