A Torrington builder of retail properties just constructed and sold a Plymouth building hosting a Dollar General for $2.36 million to a Los Angeles investor.
Torrington-based Calito Development Group – headed by Gary Eucalitto – specializes in development for national retailers. McG Plymouth LLC, a limited liability company tied to the developer, paid $525,000 for a vacant 1.8-acre lot along Route 6 in Plymouth in early 2022.
That year, Calito built a 10,640-square-foot building to host a Dollar General, and then sold the property in June to the Los Angeles-based Barthell Family Trust.
Daniel R. de Sa’, a founder of New York-based HMX Realty Advisors, said the building has a triple-net lease, affording an investment for an investor seeking stable returns.
This is the latest in a string of Dollar General sales for Calito. The company is a preferred builder for Dollar General, O’Reilly Auto Parts, Chipotle and other national retailers.
A Calito-affiliated LLC sold a Dollar General building to another Los Angeles investor for $2.2 million in April. In February, a Calito-affiliated LLC sold a Dollar General building in Andover to a Rhode Island investor for $2.37 million.
