Long & Foster Real Estate, the largest family-owned real estate company in the United States, has announced that its commercial division, located in Tysons Corner, Va., has represented the buyer in the purchase of a Dollar General store in Raven, Va. The property sold for $1.15 million.
The buyer was on the hunt for a triple net, or NNN, investment and was enticed by the good cash flow and low risk involved in the transaction. The Dollar General store has more than 10 years remaining on their lease.
The buyer was represented by seasoned professional, senior vice president Arthur Nachman.
“We’re very pleased to have negotiated this transaction for the buyer,” said Ken Ulsaker, executive vice president of Long & Foster’s commercial division. “Arthur did an excellent job finding his client a great investment.”
For more information, visit http://commercialdivision.lnfre.com.
About Long & Foster Commercial Division
Supported by a high-number of industry-leading experts, Long & Foster’s commercial division delivers a potent mix of combined commercial real estate and real world business experience. The team is comprised of more than 35 diligent and experienced associate brokers covering the DC Metro area.
About TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $27.1 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals serving more than 200 primary and secondary markets worldwide. For more information on TCN Worldwide, contact H. Ross Ford or Claudia E. Crow at 972-769-8701 or visit www.tcnworldwide.com.