Retail Building Near R Street Sold for $2.25 Million

The R Street Corridor was still an emerging area of Sacramento when Dollar Tree opened at 1235 S St. nearly a decade ago, in 2011.

Since then, the area has become one of Sacramento’s hottest redevelopment areas, but Dollar Tree (Nasdaq: DLTR) appears likely to remain, after its building sold this week for $2.25 million.

Ken Turton, of Turton Commercial Real Estate, said the deal shows how neighborhood-serving stores still maintain an appeal during the COVID-19 pandemic.

According to Turton, the sellers are investors who are looking to retire soon. In addition to Turton, Scott Kingston and Jon Lang of Turton Commercial helped broker the sale, which closed Tuesday.