1031 Exchange Grabs Brand New Family Dollar

March 27, 2015

A newly-constructed freestanding Family Dollar has changed hands in an all-cash 1031 exchange deal. The relocation store comes with a new 10-year lease and corporate guarantee.

FRANKLIN STREET BROKERS SALE OF FAMILY DOLLAR IN 1031 EXCHANGE

Franklin Street Real Estate Services has brokered the sale of a freestanding Family Dollar in an all-cash 1031 tax-deferred exchange. The property is located at 5403 Old National Highway in southwest Atlanta, three miles from Hartsfield-Jackson Atlanta International Airport. The newly constructed store comes with a 10-year lease and corporate guarantee. Mac McCall and Bryan Belk of Franklin Street Real Estate Services represented the seller, a local developer, in the transaction. The buyer was based in California.

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Some of the same challenges do remain” said Emil Guillia, senior director with the real estate company Franklin Street. “Transportation is still going to be a concern.”

Franklin Street Brokers Sale of Family Dollar in Atlanta

Franklin Street Real Estate Services has arranged the sale of a new freestanding Family Dollar in southwest Atlanta in an all-cash, 1031 tax-deferred exchange. Family Dollar has a new 10-year lease at the store, located at 5403 Old National Highway three miles from Hartsfield Jackson Airport. Mac McCall and Bryan Belk of Franklin Street represented the seller, a local developer, in the transaction. The buyer is based in California.

CRE Community Relieved Tapering Watch Is Over

WASHINGTON, DC-The commercial real estate industry knew the Federal Reserve Bank was going to end its $85 billion-a-month bond buying program sooner or later. The reaction of the markets in spring when the Fed said the time was nigh, though, left many anxious at how it would be handled and whether the economy was strong enough to absorb it.