GARDEN CITY, PA / ACCESSWIRE / February 6, 2020 / FAVO Realty Inc, a real estate investment and asset management company is pleased to announce they have signed a fully executed Letter of Intent (LOI) to acquire a 9,026 SF Dollar General (DG) store in Johnstown, PA. This is FAVO's first Dollar General acquisition. This DG store was built-to-suit in 2016 with a 15-year triple net lease. This corporate secured lease has 11.5+ years remaining plus three (3) five (5) year options with rental increases. FAVO Realty, Inc anticipates closing on this property within 60 days.
FAVO Realty Inc Announces They Have Signed a Fully Executed Letter of Intent (LOI) to Purchase a Dollar General "NNN" Property in Johnstown, PA and Sells FAVO Blockchain, Inc to a Private Company
Feb 06, 2020
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