Commercial Real Estate Win: Pacwest Helps Client Acquire Property with Corporately Guaranteed NNN Lease
The Situation:
Our client’s goal was to increase their passive income stream to fund their retirement needs.
The Pacwest Solution:
We were able to help the client close a deal on a 9,100 square foot Dollar General single-tenant net lease property in Louisville, Kentucky.
PWCRE assisted the client in locating the property and acquiring the asset, which featured a 6.40 percent cap rate and a 15-year absolute NNN lease; the total transaction value was $1,475,000.
Dollar General now has more than 14,000 stores in 44 states. Many investors value this type of asset in their real estate portfolio because of Dollar General’s solid reputation and the corporately guaranteed lease.
Pacwest Commercial Real Estate is a full-service commercial real estate firm that assists buyers and sellers in meeting their investment goals and acquiring and selling real estate while eliminating capital gains on the transaction.
For more information about single-tenant opportunities, please contact:
René Nelson, CCIM, Direct 541-912-6583 | Office 888 420 1031 | [email protected]
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