Value-Add Dollar General
Below market rent on a 3-year naked lease. 2,800 sf vacant space ready for lease-up
Marketing description
Exclusive Realty is pleased to present a value-add Dollar General investment located along U.S. Highway 72 in Stevenson, Alabama. The property features a corporateguaranteed NN lease with Dollar General Corporation (NYSE: DG) occupying 9,200 SF, plus an additional 2,800 SF retail suite offering immediate lease-up or expansion upside.
The owner recently invested over $125,000 in capital improvements, including a new roof, façade upgrades, parking lot resurfacing, and interior enhancements— positioning the asset for years of low maintenance and dependable income. This location combines long-term stability from a nationally recognized essential retailer with near-term growth potential through re-tenanting of the vacant space and a proposed billboard installation that would further increase NOI. Priced well below replacement cost, this property offers investors an attractive blend of secure cash flow and measurable upside in a high-visibility corridor
Investment highlights
- Owner recently invested $125k into the roof, facade, parking lot, and interior
- Significant upside potential
- 2,800 SF of vacant space ready to lease
- Below market rent - DG's lease expires in 3 years providing rental upside
- Billboard company has offered to install a billboard that would increase the NOI by ~$6,000
- Pro-forma cap rate of 12% with billboard and lease-up of vacant space at $6.4 /sf
- Low price per sf well below replacement cost
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