NNN Dollar General Sold for $1,200,000

Below is a press release from July 29, 2014:

SAN DIEGO – ACI Apartments is pleased to announce the recent sale of a NNN Dollar General Store in Wichita Falls, Texas. The brand new Dollar General build-to-suit 9,026 building on 1.59 acres was purchased by the 2009 Hilsdorf Family Trust for $1,200,000.

Terry Moore CCIM of ACI represented William H. Hilsdorf, the Buyer.

Dollar General’s net worth is over $5 billion. They currently have more than 4,000 locations nationwide. The buyer more than doubled his cash flow with the purchase of this asset. This purchase was the up-leg of a 1031 exchange in which Terry Moore represented William H. Hilsdorf in the sale of 2973 Fir St. CA. 92102.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined.