Listed by J. P. King Auction Company
$1,651,125
Retail | 8.0% CAP | 10,500 SF
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 10,500
Cap Rate 8%
NOI $132,090
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree, Family Dollar
Lease Type NN
Lease Term 10.1
Lease Expiration 01/16/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options Yes
Price per SqFt $157
Year Built 2023
Buildings 1
Stories 1
Acreage 1.630
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/27/2023
Occupancy Date 01/15/2024
Family Dollar – Snead, AL
Marketing description
Family Dollar
42985 State Hwy 75, Altoona, AL 35952
Blount County
1) large concrete parking lot with virtually zero maintenance
2) Centrally located between Cullman and Gadsden
J. P. King Auction Co., Inc. (Agent) and Seller have common shareholders.
Investment highlights
Financial Summary
Price: $1,651,125
Cap Rate:8.0%
Building Size: 10,500 SF
Net Cash Flow:$132,090.00
Year Build/Renovated: 2024
Lot Size:1.63 Acres
Lease Summary
Lease Type: Double-Net (NN)
Lease Tenant: Family Dollar/Dollar Tree
Guarantor: Family Dollar Stores of Alabama, LLC
Roof & Structure: Landlord Responsible
Listing Contacts
Listed by J. P. King Auction Company
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$132,090.00
$11,007.50/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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