Dollar General
Retail | 8.50% CAP | 12,480 SqFt
Marketing description
The Hurd Net Lease Group with Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 117 Washington Street South, Livingston, Alabama. The investment is being offered at $521,517 which represents an 8.50% capitalization rate.
The property encompasses approximatetly12,480 rentable square feet and operates under a modified NN lease structure. Dollar General reimburses the landlord for taxes and insurance over the base year of 1997, while the landlord is responsible for common area maintenance, roof and structure.
The current lease was just extended by Dollar General and runs through April of 2031. Additionally, there is one five-year renewal option.
Livingston is located in western Alabama and home to Western Alabama University with over 2,900 students. The site is located on South Washington Street just off North Washington Street, which is the second busiest road in Livingston with over 8,800 vehicles daily. The city continues to grow, with the Governor of Alabama announcing on May 20th, 2024, a $175,000 grant to help create more jobs and drive positive economic impact.
Investment highlights
-Fresh Five Year Lease Renewal
-Larger 12,480 Sq Ft Floorplan
-Downtown Livingston Location
-55 Miles Southwest of Tuscaloosa, Population of 110,000+ people
-Convenient Access to Major Cities
-Close Proximity to Interstate 20, with Over 22,000 Vehicles Daily
-Growing Population
-114 Miles Southwest of Birmingham, Population 196,000+ people
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