October 21st, 2021
NORRIS & STEVENS, INC. BROKERS $2.7M SALE OF DOLLAR GENERAL IN AMITY, OREGON
Steelman Properties, LLC recently completed the $2,700,000 purchase of Amity Dollar General Store, an approximately 7,489 square foot retail property located at 102 South Trade Street in Amity, Oregon. The buyer is holding the property for investment purposes.
Constructed in 2021, the retail property is situated on approximately 0.60 acres of land. At the time of purchase, Dollar General had eight locations in Oregon, with the new location in Amity being the ninth. Amity is a small town with an expected population growth of approximately 7.25% by 2025 within 10 miles of the property.
Thomas McDowell, Raymond Duchek, and David C. Chatfield with Portland-based Norris & Stevens, Inc. represented the Buyer in the transaction. Bryan Bender with Fortis Net Lease represented the Seller, Hix Snedeker Development, LLC.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 6 million square feet of commercial space and 9,100 apartment units.