Colliers International, a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries, according to their website has brokered the $1.2 million sale of a 9,100-square-foot retail building leased to Dollar General in Freeport.
The property is located at 1645 S. Galena Ave. The store was built in 2013 and sits on 1.3 acres. Dollar General is leasing the property on a long-term basis. Jason Yale of Colliers International represented the developer in the transaction. A 1031 exchange buyer from California acquired the property at a capitalization rate of 6.67 percent.