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Value Add Dollar General 41125 Us Highway 72 12,000 SF 77% Leased Retail Building Stevenson, AL 35772 $718,995 CAD ($59.92 CAD/SF) 7.32% Cap Rate
Investment Highlights
- Owner recently invested $125k into the roof, facade, parking lot, and interior
- Below market rent - DG's lease expires in 3 years providing considerable rental upside
- Pro-forma cap rate of 12% with billboard and lease-up of vacant space at $6.4 /sf
- Significant upside potential
- Billboard company has offered to install a billboard that would increase the NOI by $6,000
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1976
Price
$718,995 CAD
Price Per SF
$59.92 CAD
Cap Rate
7.32%
NOI
$52,630 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.24 AC
Zoning
Commercial - Commercial
Frontage
144’ on U.S. 72
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Endcap Space
- 2,800 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| Endcap Space | 2,800 SF | Retail | - | Now |
Endcap Space
| Size |
| 2,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Property Taxes
| Parcel Number | 14-04-19-0-000-024.001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $110,196 CAD |
Property Taxes
Parcel Number
14-04-19-0-000-024.001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$110,196 CAD
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Value Add Dollar General | 41125 Us Highway 72
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