Crossman & Company Completes Triple-Net Sale of Newly Constructed Dollar General in Northwest Georgia
Atlanta, Ga. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, recently completed the sale of a newly constructed Dollar General in Calhoun, Ga.
Crossman & Company represented the seller, Hibbymo Properties-East Calhoun LLC, on behalf of the Georgia-based developer. The team of Chief Operating Officer John Zielinski, CCIM and Director Brian Carolan, and Senior Associate Sherri Mann facilitated the triple net transaction.
“Triple-nets, also known as NNN or net-net-net properties, are appealing to buyers looking for income with little management responsibility,” Zielinski said. “The advantages have fueled a tremendous demand and interest from investors on every level. As with any investment, there are many factors to consider in valuing and structuring the deal.”
Crossman & Company’s experience, unique insight, and knowledge of market conditions and trends pair well with triple net assets, regarded as one of the safest and the most solid commercial real estate investments with dependable revenue.
“We are finding that Investors buy net leased single tenant properties for a variety of reasons such as stable cash flow, attractive financing, equity growth, unique tax benefits and good capital gains,” noted Carolan.
The 9,026 square foot free standing retail building on two acres at 112 Campbell Rd. was bought by a private investment group out of Atlanta, Ga. Dollar General is a national brand that has been in business since 1939.
Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia, Crossman & Company has experience selling shopping centers, strip malls, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.
For more information, visit www.crossmanco.com or call (407) 423-5400.
About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton, Miami, and Orlando – representing more than 340 shopping centers and 25 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, and Miami. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.