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NNN Dollar General | 9 Years Left 18 Coosa County Road 133 9,100 SF 100% Leased Retail Building Kellyton, AL 35089 $1,680,585 CAD ($184.68 CAD/SF) 7.35% Cap Rate
Investment Highlights
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
- Brand New construction back in 2021 with 9 years remaining
- Absolute NNN Lease no landlord responsibility
- Five, Five-Year Renewal Options with 10% Rental Increases
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Kellyton, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with no landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). Brand new construction back in 2021 with 9 years of firm lease term remaining, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Kellyton is a small town in Coosa County in east central Alabama, centrally located between Birmingham, Atlanta, and Montgomery. The store sits along AL-22 and is the only Dollar General within a 9-mile radius with minimal retail competition in the surrounding market. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,100 SF
Building Class
B
Year Built
2021
Price
$1,680,585 CAD
Price Per SF
$184.68 CAD
Cap Rate
7.35%
NOI
$123,523 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
OT
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 11-09-30-0-000-006.0000 | Improvements Assessment | $146,586 CAD |
| Land Assessment | $1,620 CAD | Total Assessment | $148,206 CAD |
Property Taxes
Parcel Number
11-09-30-0-000-006.0000
Land Assessment
$1,620 CAD
Improvements Assessment
$146,586 CAD
Total Assessment
$148,206 CAD
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NNN Dollar General | 9 Years Left | 18 Coosa County Road 133
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