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Dollar General 75360 Highway 9 9,100 SF Retail Building Ashland, AL 36251 $1,667,489 CAD ($183.24 CAD/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- The Property is located in Ashland, Alabama which is a little over an hour SE of Birmingham, the 3rd most populous city in AL and approximately 2 hou
- This Dollar General is centrally located between Birmingham, Atlanta and Montgomery.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- The property benefits from being located along AL-9 and is the only Dollar General in an 8-mile radius.
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Ashland, Alabama. The property has 9+ years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,667,489 CAD
Price Per SF
$183.24 CAD
Cap Rate
7.15%
NOI
$119,225 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Zoning
C-1 - Commercial
Frontage
248’ on Alabama 9
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 17-17-05-21-0-000-003.003 | Improvements Assessment | $180,691 CAD |
| Land Assessment | $1,486 CAD | Total Assessment | $182,178 CAD |
PROPERTY TAXES
Parcel Number
17-17-05-21-0-000-003.003
Land Assessment
$1,486 CAD
Improvements Assessment
$180,691 CAD
Total Assessment
$182,178 CAD
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Dollar General | 75360 Highway 9
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