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DG Market | Adamsville, AL 5370 Hazelwood rd 10,640 SF Retail Building Adamsville, AL 35005 $2,783,211 CAD ($261.58 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Single Tenant Investment Opportunity
- 15-Year Lease with Five (5), Five (5) Year Options
- Corporate Guarantee by Dollar General Corporation
- Located in the Birmingham, AL MSA
- 5% Rent Increases Every 5 Years During the Initial Term and Each Option
EXECUTIVE SUMMARY
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market store located in Adamsville, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years during the primary term and each option, and a lease commencement date of May 31, 2024. The property is located at 5370 Hazelwood Road, Adamsville, AL in Jefferson County. Adamsville is located ± 10 minutes from high-traffic Interstate 65 and only ±20 minutes from Birmingham, AL. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$2,783,211 CAD
Price Per SF
$261.58 CAD
Cap Rate
6.75%
NOI
$187,867 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.43 AC
Zoning
C1
Parking
14 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- 10,640 SF
- $17.66 CAD
- Triple Net
- May 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 10,640 SF | $17.66 CAD | Triple Net | May 2039 |
PROPERTY TAXES
| Parcel Number | 15-00-32-4-009-008.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,443 CAD | Total Assessment | $5,443 CAD |
PROPERTY TAXES
Parcel Number
15-00-32-4-009-008.000
Land Assessment
$5,443 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,443 CAD
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DG Market | Adamsville, AL | 5370 Hazelwood rd
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