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NNN Dollar General | 9 Years Left 7996 AL-5 9,100 SF Retail Building Nauvoo, AL 35578 $1,668,196 CAD ($183.32 CAD/SF) 7.35% Cap Rate
Investment Highlights
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
- Visible to over 4,121 vehicles per Day
- Five, Five-Year Renewal Options with 10% Rental Increases
- Absolute NNN Lease with zero landlord responsibility
- 2020 Year Built | Oversized 2.00-Acre Site
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Nauvoo, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). Brand new construction back in 2020 sitting on an oversized 2.00-acre site, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Nauvoo is a small town in Walker County in northwestern Alabama, less than one hour northwest of Birmingham. The store sits along AL-5 which leads directly into Birmingham, with visibility to over 4,121 vehicles per day in a small retail market with limited nearby competition. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,668,196 CAD
Price Per SF
$183.32 CAD
Cap Rate
7.35%
NOI
$122,612 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.00 AC
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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NNN Dollar General | 9 Years Left | 7996 AL-5
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