Marcus & Millichap Inc.
09/08/2025 | Press release | Archived content
Marcus & Millichap Brokers $3.6M Sale of Two-Property Dollar General Portfolio in Kentucky
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Marcus & Millichap Brokers $3.6M Sale of Two-Property Dollar General Portfolio in Kentucky
September 08, 2025
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BOWLING GREEN, Ky., Sept. 8, 2025 - 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 a two-property Dollar General portfolio in Kentucky for a combined $3,614,185.
"This portfolio showcases the strength of the Bowling Green MSA and surrounding trade areas, which continue to benefit from strong population growth and major employers," said Don McMinn, Senior Managing Director Investments. "It also speaks to the heightened 1031 demand we're seeing in the market, and for Dollar General specifically. With fewer new stores coming to market and a buyer pool deepening ahead of anticipated rate cuts, offer activity is increasing and deals are trading faster with tighter bid-ask spreads."
McMinn and Marcus & Millichap's Andrew Koriwchak represented the seller, a Kentucky-based developer, in association with Grant Fitzgerald, the firm's broker of record in Kentucky.
Both properties are located in the Bowling Green MSA, a regional hub anchored by Western Kentucky University, the General Motors Corvette Assembly Plant, and several major corporate headquarters. Each is secured by a new 15-year corporate-guaranteed lease with Dollar General Corporation.
The first property, at 12065 Franklin Rd. in Franklin, is a 10,640-square-foot Dollar General built in 2025 on a two-acre parcel near Interstate 65 at Exit 6.
The second property, at 828 N. Dixie St. in Horse Cave, is a 10,640-square-foot Dollar General Market completed in 2025 on two acres. The store features an expanded grocery format with fresh produce and meats.
"This portfolio showcases the strength of the Bowling Green MSA and surrounding trade areas, which continue to benefit from strong population growth and major employers," said Don McMinn, Senior Managing Director Investments. "It also speaks to the heightened 1031 demand we're seeing in the market, and for Dollar General specifically. With fewer new stores coming to market and a buyer pool deepening ahead of anticipated rate cuts, offer activity is increasing and deals are trading faster with tighter bid-ask spreads."
McMinn and Marcus & Millichap's Andrew Koriwchak represented the seller, a Kentucky-based developer, in association with Grant Fitzgerald, the firm's broker of record in Kentucky.
Both properties are located in the Bowling Green MSA, a regional hub anchored by Western Kentucky University, the General Motors Corvette Assembly Plant, and several major corporate headquarters. Each is secured by a new 15-year corporate-guaranteed lease with Dollar General Corporation.
The first property, at 12065 Franklin Rd. in Franklin, is a 10,640-square-foot Dollar General built in 2025 on a two-acre parcel near Interstate 65 at Exit 6.
The second property, at 828 N. Dixie St. in Horse Cave, is a 10,640-square-foot Dollar General Market completed in 2025 on two acres. The store features an expanded grocery format with fresh produce and meats.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
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