Marcus & Millichap Closes Sale of Net-Leased Dollar General
Marcus & Millichap closed the sale of Dollar General, a 9,100-square-foot net-leased property located in Toluca, Illinois. The asset sold for $1,093,000.
Dustin Javitch, Craig Fuller, Erin 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 investor. The buyer was secured and represented by Jeremie Johnson and Nathan Whalen, investment specialists in Marcus & Millichap’s Indianapolis office. Steven Weinstock, Illinois Broker of Record, assisted in closing this transaction.
Dollar General is located at 710 IL-117, roughly 30 miles from Peoria. The property offers easy access to Interstate 39 and Illinois Route 17. Javitch, the lead agent on the deal, said, “Despite a slowdown in transactional volume across the net-leased sector, we were successful in finding a local 1031 buyer and facilitating a closing in less than three weeks from the execution of a contract.”
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