SVN – Miller Commercial Real Estate Senior Advisor Henry Hanna, CCIM, SIOR sold a Dollar General store located at 10838 Worton Road in Worton, MD. Hanna listed the Dollar General store for Pocomoke City based development company Oxford Chase. The property was purchased by a local investor who saw the opportunity in a no-maintenance property with a strong 15 year tenant.
According to a recent article published in the Delmarva Daily Times, there has been a boom in dollar stores on Delmarva. While big-box stores continue to shutter their doors, dollar stores are on the rise. Since 2009 the number of dollar stores in Wicomico, Worcester and Somerset counties has increased from 24 to 29. Nationwide, Dollar General plans to open 1,285 new stores this year. “Oxford Chase has developed for a variety of retailers, but due to the demand we are now exclusively developing for Dollar General,” stated Howard Crossan, President of Oxford Chase.
“We have several other dollar store opportunities on the Delmarva Peninsula for investors who are looking for a good investment that requires little to no management or maintenance,” said Hanna. For more information about this transaction or to inquire about available properties on the Delmarva Peninsula, email Henry Hanna at henry.hanna@svn.com or call 410-543-2440.
SVN – Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
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