Marcus & Millichap Arranges Sale of Multi-State Retail Property Portfolio

Thursday, January 27th, 2022

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Advance Auto Parts, Dollar General, and Napa Auto Parts, located in Golden, Colorado, Charlotte, North Carolina, and Lithonia Georgia. The three assets were purchased in one transaction by a publicly traded real estate investment company.

Drew Isaac, senior managing director investments in Marcus & Millichap’s Denver office, had the exclusive listing to market the properties on behalf of the seller, a local family office. Benjamin Yelm, North Carolina broker of record, and John Leonard, Georgia broker ofrecord, also assisted in the sales.

Advance Auto Parts is located at 17151 South Golden Road in Golden, Colorado, Dollar  General is located at 3708 Oakdale Road in Charlotte, North Carolina, and Napa Auto Parts is located at 7227 Covington Hwy in Lithonia, Georgia.

“The offering provided the opportunity to acquire mature, long-term net leases with below market rents in the major metro markets of Denver, CO; Atlanta, GA; and Charlotte, NC,” commented Isaac.