Stan Johnson Company Arranges Acquisition of Four Dollar General Locations Across Georgia Totaling $8.5 Million

April-22-Clyburn

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of four freestanding Dollar General locations across the state of Georgia. Doug Clyburn and Julie Clyburn represented the 1031 exchange buyer in all transactions. The four unique sellers were developers and private investors based in Alabama, California and Georgia. Together, the four properties totaled $8.5 million with an average cap rate of approximately 5.00 percent. 

“We were privileged to work with a retired doctor and his foundation to source and purchase four new Dollar General locations,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office. “These secure and stable assets will ensure continued funding for his non-profit foundation which provides support through charitable giving to a local Georgia community.” 

Combined, the properties totaled nearly 38,000 square feet. All built within the last few years, the properties featured long-term net leases and sizable acreage. The properties are located in the northeast Georgia cities of Bishop, Colbert, Cornelia and Loganville. The Colbert location was a Dollar General Plus, a concept larger than the traditional Dollar General format that features an expanded grocery section with additional perishable items. 

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.