Home Commercial White City, Oreg., Retail Asset Sells for $2.6MM

White City, Oreg., Retail Asset Sells for $2.6MM

White City, Dollar General, Marcus & Millichap, Clayton Rumero, Ruthanne Romero
Courtesy of Marcus & Millichap

WHITE CITY, OR, April 15, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Dollar General – White City, OR, a 9,026-square foot net-leased property located in White City, OR, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $2,569,641.

Clayton J. Brown and Ruthanne Romero, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a developer.The buyer, a limited liability company, was secured and represented by Clayton J. Brown and Ruthanne Romero.

Dollar General is located at 2399 Antelope Rd in White City, OR, just 15 minutes from Medford, OR and it is centrally located in the main retail trade area. This is a brand new 2020 construction property with a long-term corporate guaranteed lease by Dollar General who has reported 34 consecutive quarters of same store sales growth. 

About Marcus & Millichap (NYSE: MMI)

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 8,954 transactions in 2020 with a value of approximately $43 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.