MARCUS & MILLICHAP ARRANGES SALE OF A NEW CONSTRCUTION DOLLAR GENERAL

BLACKWOOD, NJ – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales has announced the sale of Dollar General, a 7,489-square foot net-leased property located in Blackwood, NJ. According to Sean Beuche, regional manager and broker of record of the firm’s Philadelphia office, the asset sold for $2,248,239.

Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, represented the buyer.

The property is located at 326 S. Black Horse Pike Blackwood, NJ. Dollar General is situated on a 0.64 acre parcel on S Black Horse Pike in Blackwood, New Jersey. Dollar General is located on a highly visible hard corner, fronting on S. Black Horse Pike with traffic counts exceeding 14,000 vehicles per day. This is a densely populated Suburban Philadelphia

location with 10,499 people within 1 mile of the site, 68,298 people within 3 miles and 202,923 people within 5 miles.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.