TUCSON, ARIZONA – Sedona-based, Mid-Atlantic Equity Funding, LLC (Gary Weaver, manager) purchased the newly constructed Dollar General Store #20744 at 5470 E Littletown Road in Tucson for $2 million ($220 PSF) to add to his investment portfolio.
With 14.8 years remaining of the original 15-year lease, the Dollar General store is located at the southwest corner of Craycroft and Littletown near the I-10 Valencia interchange. The buyer told us he liked the property because of its location.
“Across the street from Craycroft Elementary School and Billy L Lauffer Middle School, the store is near an RV Campground and Pilot Travel Center off I-10,” said Weaver. “It’s a great location for a Dollar General store and I’m very pleased to have been able to get it.”
This 9,100-square-foot Dollar General has a large freezer section and is also licensed for beer and wine sales.
The transaction closed October 19, 2020. This is Weaver’s third Dollar General asset. He also owns one in Delaware and another in Ohio.
Dave Hammack with Cushman & Wakefield | Picor in Tucson represented the developer, DCM Development Company of Tucson (Chris Lechner, manager). Mike Bastin with Coldwell Banker Commercial Reliant Realty in Cincinnati, Ohio represented the investor.
For more information, Hammack can be reached at 520.546.2712 and Bastin is at 513.618.2823.
To learn more, see RED Comp #8184.