Jack Collins of Northmarq’s Chicago office completed the sale of a brand new, single-tenant property leased to Dollar General located at 1310 Westinghouse Road in Georgetown, Texas. Collins successfully closed the property at a 5.25% cap rate to a private investor.
The newly constructed freestanding Dollar General features 10,566 square feet situated on approximately 1.32 acres. The property is located just off Interstate 35 along the busy Westinghouse Road.
Georgetown, Texas, is a suburb less than 30 minutes from Austin and has been ranked as one of the fastest growing cities in the U.S. The tenant operates on a long-term absolute triple net lease and has proven to have one of the most successful business models in the net lease space.