Press Releases
Marcus & Millichap Arranges the Sale of a Net-Leased Dollar General in Pendleton, South Carolina
October 30, 2023
PENDLETON, South Carolina, October 30, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a Dollar General, a 9,002-square foot net-leased property located in Pendleton, South Carolina, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office. The asset went contract to close in 33 days and sold for over 96 percent of list price at $1,312,500.
Senior Managing Directors, Austin Weisenbeck, Sean R. Sharko and Senior Associate, Timothy Nichols, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Ben Yelm, Regional Manager, and Broker of Record of South Carolina, assisted in closing this transaction.
The Dollar General is located on a hard-corner intersection at 100 Mountain View Road in Pendleton, South Carolina. The Dollar General is a corporately guaranteed triple-net lease with 12 years remaining of lease term. The area has experienced over 12 percent growth since 2010 and anticipating an additional 4.8 percent by 2027.
Senior Managing Directors, Austin Weisenbeck, Sean R. Sharko and Senior Associate, Timothy Nichols, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Ben Yelm, Regional Manager, and Broker of Record of South Carolina, assisted in closing this transaction.
The Dollar General is located on a hard-corner intersection at 100 Mountain View Road in Pendleton, South Carolina. The Dollar General is a corporately guaranteed triple-net lease with 12 years remaining of lease term. The area has experienced over 12 percent growth since 2010 and anticipating an additional 4.8 percent by 2027.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
