{"id":1004487460,"date":"2020-10-27T05:53:37","date_gmt":"2020-10-27T13:53:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004487460"},"modified":"2020-10-27T05:53:37","modified_gmt":"2020-10-27T13:53:37","slug":"prudent-growth-partners-bolsters-retail-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prudent-growth-partners-bolsters-retail-portfolio\/","title":{"rendered":"Prudent Growth Partners Bolsters Retail Portfolio"},"content":{"rendered":"<div id=\"attachment_1004487463\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004487463\" data-attachment-id=\"1004487463\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prudent-growth-partners-bolsters-retail-portfolio\/dollar-general\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg\" data-orig-size=\"1108,830\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Dollar General\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg?w=1024\" class=\"wp-image-1004487463 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg 1108w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Dollar-General-e1603790755243.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004487463\" class=\"wp-caption-text\"><em>Image via Google Street View<\/em><\/p><\/div>\n<p>Prudent Growth Partners has added five assets to its growing retail portfolio. The dollar stores, located throughout North Carolina, traded for a total of $4.5 million in five separate transactions.<\/p>\n<p>The Prudent closing team worked towards negotiating and concluding the sales on the same date. The deal included two Dollar General stores, situated in Sanford and Statesville, as well as three Family Dollar locations in Goldsboro, Rocky Mount and Gaston.<\/p>\n<p>According to Tom Hahn, president of Prudent Growth Partners, the properties&#8217;&nbsp;\u201crecession-proof\u201d quality was behind the company&#8217;s decision to acquire the portfolio.&nbsp;He added that the firm plans on completing similar acquisitions in order to insulate its portfolio and diversify its footprint.<\/p>\n<p>In a recent discussion with Jonathan Hipp of Avison Young, <em>Commercial Property Executive&nbsp;<\/em>touched on&nbsp;how Dollar General stores have been one of the <a href=\"https:\/\/www.commercialsearch.com\/news\/dollar-general-bucks-the-retail-trend-with-popshelf-launch\/\">strongest performers in net lease space<\/a> during the pandemic, as opposed to widespread struggles in the retail sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company paid $4.5 million for two Dollar General and three Family Dollar stores in North Carolina.<\/p>\n","protected":false},"author":739,"featured_media":1004487463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[35660,50524,50527],"class_list":["post-1004487460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-dollar-general","tag-prudent-growth-partners","tag-tom-hahn"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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