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Marcus & Millichap arranges sale of Dollar General in Seymour
By Knoxville Daily Sun staff

SEYMOUR, TN, - Marcus & Millichap (NYSE: MMI) announced the sale of a Dollar General in Seymour, TN. According to Josh Caruana, regional manager of the firm’s Cincinnati office, the 9,014-square foot net-leased property sold for $975,000. This amount represents a 7.86% cap rate and 99% of asking price. Marcus & Millichap is a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services.

Darpan Patel, First Vice President in Marcus & Millichap’s Cincinnati office, and Dan Yozwiak, First Vice President, and Justin Fenn, Senior Associate in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a private investor. Jody McKibben, Tennessee Regional Manager and Broker of Record, assisted in closing this transaction.

The Dollar General property generated national interest and the team was able to secure seven (7) offers, the owner selected an Alabama based buyer who was able to visit the site and had similar assets in their portfolio.

“Our marketing efforts generated action immediately and we were able to efficiently select a buyer to achieve a great price with a smooth escrow,” said Darpan Patel. “The competitive bidding for this asset proves now is a great time to evaluate your options as an investor to see if it makes sense to capitalize on the market,” added Dan Yozwiak.

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit

Published October 17, 2020

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