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Dollar General 7996 AL-5 9,100 SF Retail Building Nauvoo, AL 35578 $1,684,319 CAD ($185.09 CAD/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- The Property is located less than 1 hour from Birmingham, the 3rd most populous city in Alabama.
- This Dollar General is close to Jasper, which is s approximately 18 miles away and provides more urban conveniences.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- This Dollar General is located along AL-5, which leads directly into Brimingham.
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Nauvoo, Alabama. The property has 9.5+ 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
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,684,319 CAD
Price Per SF
$185.09 CAD
Cap Rate
7.15%
NOI
$120,429 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.00 AC
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Dollar General | 7996 AL-5
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