- B+E In Conjunction with Michael Polk of Polk Properties sells Dollar General property for $3.49M using its new 1031 exchange trading platform
B+E, the first brokerage, and technology platform for net lease real estate, today announced the sale of the Dollar General property at 581 North Main St., Jamestown, KY, for $3,490,000.
The buyer worked with B+E to find the property using 1031 Trade, B+E’s new trading platform for 1031 exchange buyers. The net lease retail property carries a cap rate of +/-7.13% with 7+ years of the remaining lease term. The buyer, City Gate Properties, LLC., was completing a 1031 exchange.
"B+E’s online platform used AI to sweep the national market and find a net lease property that matched our buyer’s criteria," said Spencer Henderson, a B+E broker. “It’s incredible because buyers can quickly see nearly every deal currently on the net lease market and place offers.” The deal was executed by B+E in conjunction with Michael Polk of Polk Properties.
B+E is a modern investment brokerage firm, specializing in net lease real estate and 1031 exchanges. The firm helps clients buy and sell single-tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry. Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa, and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
Polk Properties offers over 30 years of Real Estate experience that you can trust and depend on. We focus on long-range portfolio mgt.
Press Release Contact:
John Steven Vita Communications