Deal Closed at an Aggressive 6.4 Percent Cap Rate
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the $16,096,796 sale of an eight-property Family Dollar Tree combo-store portfolio. Senior Vice President and Senior Director Josh Bishop represented the seller in the transaction.
The seller was a developer looking to relinquish the properties after completion. The properties were acquired by an institutional buyer, achieving its goal of portfolio expansion with discount retailers. The deal closed at an aggressive cap rate of 6.4 percent.
“Having a previous relationship with the seller allowed for a seamless transactional process that achieved both parties’ goals. Closing at a sub 6.50% cap rate was a tremendous win for my seller, especially with all of the volatility in the market,” said Bishop.
Family Dollar Tree combo-stores are a combination of Family Dollar and Dollar Tree, with nearly 300 locations nationwide. Family Dollar is a part of Dollar Tree Inc., ranked 137 on the Fortune 500 list.
The eight properties are located in: Blountsville, AL, Clayton, AL, Pauls Valley, OK, Warner, OK, Edison, GA, Lincoln, AR, Coldiron, KY and Maud, OK.
For more information, or to contact Josh Bishop, please visit www.matthews.com.
Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 15+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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