Brentwood Company Buys Two Dollar General Properties

As published in the Nashville Post

Brentwood-based CMK Properties has announced the acquisition of its 22nd and 23rd Dollar General store properties, both located in Michigan.

Neither terms of the deal nor the seller was disclosed in a release. The release notes Dollar General was not the seller.

CMK acquired the two properties — located in Edwardsburg and Mattawan, Michigan — via its DG Investments IX, LLC. The firm, led by John Hopfensperger, is working to build a portfolio of 25 or more Dollar General properties located primarily in the Southeast and Midwest, according to the release.

CMK said in the first year of ownership, the properties will yield about 7 percent to investors.

“We shop for great stores at great prices so we can put as much investor money to work as possible,” Hopfensperger said in the release. “These stores have solid demographics and offer our investors a great opportunity to preserve their hard-earned capital while earning healthy current cash flow.”