Southern Virginia shop sells for $1.3 million
- May 6, 2019
A dollar store has sold more than a million dollars.
DG Lynchburg LLC has purchased for around $1.3 million the 2,600-square-foot Dollar General store at 9781 Red House Road in Charlotte County in Southern Virginia, according to Cushman & Wakefield | Thalhimer. The property was bought as an investment.
The seller in the deal was Par 3 Development Group LLC. The entity has the same principal address as Rhetson Cos., a commercial construction company, and Par 5 Development Group, a commercial real estate development and management firm, in North Carolina.
A person who answered the phone for Rhetson Cos. and Par 5 Development declined to comment for this story.
DG Lynchburg lists its principal office at a residential property in Henrico County.
Thalhimer’s Mark E. Douglas represented DG Lynchburg in the sale.