Industries Commercial Real Estate

Southern Virginia shop sells for $1.3 million

  •  | 
Print this page Michael O'Connor | .(JavaScript must be enabled to view this email address)

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.

showhide shortcuts