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Family Dollar 17825 AL-160 10,500 SF Retail Building Cleveland, AL 35049 $2,012,965 CAD ($191.71 CAD/SF) 6.90% Cap Rate



Investment Highlights
- Newer Constructio
- Scheduled Rent Increases
- Strategic Retail Location
- Minimal Landlord Responsibilities
- Corporate Lease
- E-Commerce Resistant Retailer
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a newer construction freestanding Family Dollar | Dollar Tree investment property located at 17825 AL Route 160 in Cleveland, Alabama (the “Property”). Family Dollar | Dollar Tree has 7+ years remaining on their lease with five (5), 5-year renewal options. The lease features attractive 5% rent increases at the start of each renewal option. The Property enjoys excellent frontage and visibility along AL Route 160, the area’s primary commercial and commuter corridor. Family Dollar | Dollar Tree is one of the main shopping destinations in Cleveland, along with a Dollar General Market and S&S Foods (Grocery store). Family Dollar | Dollar Tree is adjacent to the intersection (rotary) of AL Routes 160 and 79 and is 0.7 miles from US Highway 231. Positioned in the center of town, the Property is convenient to residential neighborhoods, Cleveland Elementary, Middle and High Schools, and area businesses. Cleveland is 8 miles northwest of Oneonta, which offers retail and dining amenities, schools and employment opportunities and a hospital. Additionally, Family Dollar | Dollar Tree is approximately 38 miles from Birmingham.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
C
Year Built
2022
Price
$2,012,965 CAD
Price Per SF
$191.71 CAD
Cap Rate
6.90%
NOI
$138,985 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.47 AC
Parking
28 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
227’ on Alabama 79
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 15-04-18-0-003-021.015 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $307,361 CAD |
Property Taxes
Parcel Number
15-04-18-0-003-021.015
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$307,361 CAD
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Videos
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Photos
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Street
Map
Presented by
Twin Rivers Capital, LLC
Family Dollar | 17825 AL-160
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