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Dollar General 48298 Highway 22 8,000 SF Retail Building Wadley, AL 36276 $453,674 CAD ($56.71 CAD/SF) 8.31% Cap Rate
EXECUTIVE SUMMARY
NEW PRICE-Financing Available
Marcus & Millichap is pleased to offer for sale the Dollar General in Wadley, AL. This investment opportunity is being offered at a price of $325,000 and a capre rate of 8.30%
The 8000 square foot property sits on .65 acres and was built in 2003. In 2018, Dollar General extended their double net lease toe August 31, 2027 with two (2) additional five-year options.
This established rural Dollar General has served the community since 2003. The replacement cost to develop a new Dollar General store at this location is more than $2.0 milliion
Current lender will consider assignment of the current obligation to qualified investors.
Marcus & Millichap is pleased to offer for sale the Dollar General in Wadley, AL. This investment opportunity is being offered at a price of $325,000 and a capre rate of 8.30%
The 8000 square foot property sits on .65 acres and was built in 2003. In 2018, Dollar General extended their double net lease toe August 31, 2027 with two (2) additional five-year options.
This established rural Dollar General has served the community since 2003. The replacement cost to develop a new Dollar General store at this location is more than $2.0 milliion
Current lender will consider assignment of the current obligation to qualified investors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2003
Price
$453,674 CAD
Price Per SF
$56.71 CAD
Cap Rate
8.31%
NOI
$37,690 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.63 AC
AMENITIES
- Signage
- Skylights
- Storage Space
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 19-01-12-3-011-004-0010 | Improvements Assessment | $124,497 CAD |
| Land Assessment | $2,074 CAD | Total Assessment | $126,572 CAD |
PROPERTY TAXES
Parcel Number
19-01-12-3-011-004-0010
Land Assessment
$2,074 CAD
Improvements Assessment
$124,497 CAD
Total Assessment
$126,572 CAD
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Dollar General | 48298 Highway 22
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