Pennsylvania — Marcus & Millichap has brokered the sale of a portfolio of 10 Dollar General stores in Pennsylvania. The addresses were not disclosed, but the stores are all new construction and operate under 15-year, triple-net leases. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the deal. The seller was a developer, and the buyer was an institutional investment firm.
“This marks our fourth Dollar General portfolio closing in the past 12 months, with investor demand remaining strong across both private and institutional capital,” says McMinn. “Interest continues to be driven by Dollar General’s investment-grade credit, necessity-based retail model, long-term triple-net leases and attractive risk-adjusted returns.”