Dollar General-Leased Property Sold In Theodore

Merrill P. Thomas Co., Inc. (MPT) has announced the sale of a 9,016-ft² retail property at 7519 Theodore Dawes Road in Theodore for $705,000. Mike Reid of MPT represented the seller, and Tommy Praytor of Praytor Properties, LLC, represented the buyer. The property was acquired by an investor seeking income-producing assets. It is currently leased to Dollar General. The store has demonstrated steady growth over the past five years. This transaction reflects continued investor confidence in the thriving commercial market west of Mobile.