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CBRE GROUP ARRANGES $1.4M DOLLAR GENERAL STORE SALE IN NEW JERSEY

NORTH HANOVER TOWNSHIP, N.J. — CBRE Group Inc. has arranged the sale of a 9,333-square-foot property in North Hanover Township for $1.4 million. Located at 189 Jacobson New Egypt Road, the newly constructed freestanding property is fully net-leased to Dollar General for a 10-year term with two five-year option periods. Charles Berger and Elli Klapper of CBRE’s Investment Properties Group represented the seller in the transaction. The buyer, an out-of-state investor, offered an aggressive capitalization rate for the asset and plans to hold the corporately guaranteed property for investment purposes.

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