Chris Schellin, President of Westwood Net Lease Advisors, LLC, just closed on a brand-new construction Dollar General in Suffolk, VA. Mr. Schellin represented the buyer in this transaction who has been a long-standing client for the past 12 years and has purchased roughly 10 properties through Westwood. This particular buyer had a 1031 exchange need and wanted to diversify his portfolio away from restaurants. After one month of researching, came to the conclusion that Dollar General was the best fit. The deal was contracted on a pre-construction basis, which gave the buyer the ability to lock in an interest rate before the closing.
Dollar General (Suffolk VA)
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