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27103069
27103070

803 College Ave, Jackson, AL 36545

CH
TX 597585
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$355,000
31 days on market
Updated 31 days ago
Opportunity zone

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 7,500
Units 1
Cap Rate 10.29%
NOI $36,540
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+3)
Lease Type NN
Lease Term 29
Lease Expiration 08/31/2026
Remaining Term 0.2
Rent Bumps Yes
Lease Options Two (2), 5-Year; 10%
Price per SqFt $47
Year Built 1997
Buildings 1
Acreage 0.530
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/1997
Ownership Fee Simple

Retail | 10.29% CAP | 7,500 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Jackson, AL. The subject property is a low price point Dollar General with 28+ years of operating history and multiple lease extensions demonstrating tenant commitment to the location.

Property Website: https://trinityreis.com/listing/803-college-ave/

In Cooperation With Brian Brockman at Bang Realty-Alabama Inc | AL #119750 | [email protected] | (513) 898-1551

Investment highlights

  • Low Price Point Dollar General in Jackson AL With Less Than 1 Year Remaining on Current Term

  • 28+ Years of Operating History With Multiple Lease Extensions Demonstrating Tenant Commitment to the Location

  • 10% Rent Increases in Option Periods

  • Corner Lot at the Intersection of College Ave and W Cedar St With 7,000+ Vehicles Passing in Front of Subject Property Daily

  • Healthy 5-Mile Demographics for a Dollar Store With 6,000+ Residents

  • Strong Corporate Guaranty by Dollar General Corporation, With an S&P Credit Rating of BBB and Operates 20,000+ Locations

Listing Contacts

CH
TX 597585
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
BB
TX 611825
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,540.00
$3,045.00/mo

Valuation Metrics

0
DSCR
10.29%
Cap Rate
10.29%
ROI

Map

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Additional Information

Name
Brian Brockman
License
AL #119750
Brokerage
Bang Realty-Alabama Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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