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The Taylor McMinn team of Marcus & Millichap sells $4.2 million


Dallas, Ga. -- Marcus & Millichap announced the sale of a 17,930-sq. ft. CVS Strip Center in Dallas, Georgia, for $4.2 million. The property is 70% anchored by CVS Health with a 15-year corporate-guaranteed double-net lease.

“Well located strip centers with National Corporate Tenants are garnering growing investor interest as buyers seek increased yields from the single tenant net leased space. As a result, cap rates for similar assets are continuing to compress,” said Zach Taylor, VP of Investments for Marcus & Millichap’s.

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