NEW YORK, July 13, 2023 — B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the Dollar General property located at 4433 E. Morris Blvd. in Morristown, TN, for $1,825,000. The 10,566 square foot property has a remaining lease term of 15 years. The private buyer is in a 1031 exchange and the seller is a developer.
“The property was sourced through B+E’s connections with industry-leading owners,” said Spencer Henderson with B+E. “B+E facilitated a frictionless transaction process that allowed the purchaser to close within 60 days with no delays or extensions, minimizing any gap in income stream between their down leg and up leg property.”
Sourced with B+E’s Proprietary 1031 Trade Platform and leveraging the B+E database, “we were able to analyze market conditions alongside our client allowing us to move quickly, ultimately winning the deal,” continued Henderson.
The buyer was a B+E repeat customer.
For more information, contact Spencer Henderson at shenderson@tradenetlease.com or visit tradenetlease.com.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa, Charlotte, Dallas, Orange County and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
