Westwood Net Lease Advisors President, Chris Schellin, recently closed on a new construction Dollar General in Alton IL (a suburb of St Louis). The buyer was a past client of Mr. Schellin and native of New Mexico. Westwood was tasked in finding a true NNN property with a stable tenant and a good rate of return. After looking through 30+ properties across the country Westwood was able to locate a pre-construction deal from a local developer. Mr Schellin has sold many deals on a pre-construction basis and recommended this Dollar General based on the fact that it was a relocation store from across the street and unlike most Dollar General’s this store was located near many other national retailers with traffic counts of 21,000 cars/day.
Dollar General Closing
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