Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the acquisition of a Dollar General located in the Southern US.
The property is an 11,000 square foot, brand new construction retail store where Dollar General commenced a 15 year NNN lease beginning in 2021.
The sponsor is an experienced real estate investor with roughly 40 years of multifamily experience and 30 years of double and triple net experience.
- The acquisition of this asset is part of a 1031-exchange after the sponsor sold another NNN property in his portfolio.
- Funding was secured with a major bank within the deadline.
- Loan Amount: $1,520,000
- Amortization: 30 Years
- Term: 10 Years
- Recourse: Carve-outs
- Prepayment: Step-down