UNITED STATES— Matthews™, a commercial real estate investment services and technology firm, completed the sale of a Dollar General portfolio, located across eight states in the Southeast, Midwest, and Northeast. Matthews™ Senior Vice President & Senior Director Clay Smith and Senior Associate Gannon Ethington represented the seller in the transaction.

 

The 17-property portfolio features absolute NNN lease structures and a 10.2-year weighted average lease term, providing durable cash flow from a national credit tenant.

 

Through a targeted marketing process, the Matthews™ agents generated a competitive bidding environment and directly sourced the buyer, an institutional REIT. The transaction closed at 98.8% of the list price, maximizing value for the seller while providing the buyer with a scaled portfolio of long-term net-leased assets.

 

“The demand for high-quality net-leased assets, particularly those backed by strong corporate tenants like Dollar General, remains robust. We were able to navigate a complex multi-state portfolio sale and deliver exceptional results for our client by leveraging our direct relationships and deep market knowledge,” Ethington said.

 

For more information, please contact Gannon Ethington and Clay Smith, or visit www.matthews.com.

 

About Matthews™

Matthews™, 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 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.