Dollar General, Troy, Alabama 7036 N US Highway 29 9 054 pi² Commerce de détail Immeuble Troy, AL 36081 1 481 854 $ CAD (163,67 $ CAD/pi²) 8,10% Taux de capitalisation

This is a 7 year old absolute NNN lease with 8.1 years left on original lease term. Tenant has five 5 year options to renew and each carries a 10% rent bump. There are no landlord responsibilities. There is a 4.09% interest rate mortgage due in 3 more years which requires a monthly payment of $3,313 per month, and the monthly rental income from the tenant is $7,225.13. It is offered by the owner. This store is located 58 miles southeast of Montgomery, Alabama, and there is little if any competition to the store within a 5 mile radius. There are 3500 residents within a 5 miles radius, and the medium income in that 5 miles radius is $40,000. Dollar General Corporation has a S&P Credit Rating of BBB, and operates over 20,000 locations. Owner will cooperate with Buyer's 1031 requirements. Owner has 4 other similar stores any combination of which can be included in a portfolio sale to accommodate buyer's 1031 requirements on similar terms herein proposed.