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Dollar General, Grand Bay, Alabama
Retail | 6.70% CAP
Listing Contacts
License: MI 6502426558
Active
Asking Price: $1,392,328
Address
10090 AL-188, Grand Bay, AL 36541
Show on MapDate Added
Jan 27, 2025
Days on Market
46 days
Time Since Last Update
46 days
Details
Property TypeRetail
SubtypeConvenience Store
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantDollar General
Lease Term15 years
Lease Commencement05/01/2017
Lease Expiration05/01/2032
Remaining Term7.1 years
Cap Rate6.70%
Occupancy100%
NOI$93,280
Units1
Year Built1957
Buildings1
Stories1
ZoningCommercial
Lot Size (acres)1.22
Rent Bumps10% in each option
Lease Options3 (5) Year Options
Marketing Description
Exclusive Realty is pleased to present this 9,002-square-foot Dollar General store located in Grand Bay, Alabama. The property has an Absolute NNN Lease with zero landlord responsibilities. The Dollar General lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and this is classified as investment grade. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and proven profitability of the tenant.
Investment Highlights
Absolute NNN Lease/Zero Landlord Responsibilities
9+ Years Remaining on the Lease
Located in close proximity to Interstate 10 and Route 90
Population Exceeds 54,000 Residents within a 10 Mile Radius
Average Annual Household Income exceeds $55,000 within a 5 Mile Radius
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,280.00
$7,773.33/mo
Valuation Metrics
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0
DSCR
6.7%
Cap Rate
6.7%
ROI
Property History
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Due Diligence
Listing Contacts
- License: MI 6502426558
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