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Brokerage
Posted: May 10, 2022
Bulman of District Real Estate Advisors brokers $1.642 million sale of Dollar General in Earlville
Earlville, NY Tim Bulman of District Real Estate Advisors completed the sale of an established Dollar General store. The sale price was $1.642 million.
Bulman represented the undisclosed seller in the transaction, while Bob Gillon and Tom Nastasi of Signature Group represented the undisclosed buyer. The purchase was a part of a 1031 exchange requirement and all parties worked together to successfully navigate challenging closing timelines and requirements.
The Dollar General store was a new construction, build-to-suit in 2018 and is located on 1.38 acre parcel at 72 South Main St. The subject is six miles from Colgate University. District Real Estate Advisors generated multiple aggressive offers for the 9,026 s/f building which was highlighted by a corporately guaranteed initial 15-year lease term with three five year options and being located 50 miles from Syracuse.
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