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Investment Highlights

  • 7.7 Years Remaining
  • NNN Lease Structure, 5% Increases Every 5 Years in Options
  • Brand New 2023 Construction3949 Alabama Hwy 9, Cedar Bluff, AL
  • Brand New 2023 Construction
  • True Corporate Guarantee from Family Dollar Stores, Inc (S&P BBB Credit)
  • Close proximity to Birmingham

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
10,500 SF
Building Class
B
Year Built
2023
Price
$1,684,366 CAD
Price Per SF
$160.42 CAD
Cap Rate
9.25%
NOI
$155,804 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.99 AC
Frontage
132’ on Main Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Mar 2033

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Mar 2033
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 19-03-07-0-007-022.000
  • 19-03-07-0-007-023.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$217,191 CAD
  • Listing ID: 31268161

  • Date on Market: 2024-03-19

  • Last Updated:

  • Address: 771 Main St, Ragland, AL 35131

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