Listed by Matthews
$1,900,000
Dollar General - Birmingham, AL
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 9,026
Cap Rate 6.71%
NOI $127,469
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2021
Buildings 1
Stories 1
Acreage 1.960
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Absolute NNN Dollar General – 10 Years Remaining, Prime Birmingham Location
Investment highlights
- Prime, High Traffic Location: Strategically positioned on a prominent corner with approximately ±20,000 vehicles per day (VPD), offering exceptional visibility and convenient access within a thriving retail corridor.
- Dense Surrounding Population: Located within a highly populated trade area with approximately 39,952 residents within a 3-mile radius and 152,845 residents within 5 miles, supporting strong and consistent consumer demand.
- Largest MSA in Alabama: Situated in Birmingham, Alabama’s largest metropolitan area, known for its expanding population, diversified economy, and strong long-term real estate fundamentals.
- Long Term Lease Security: The property features 10 years remaining on the initial lease term, along with five additional 5-year renewal options, providing long-term stability for passive investors and 1031 exchange buyers.
- Creditworthy Tenant: The lease is corporately guaranteed by Dollar General, a nationally recognized retailer with a strong investment-grade “BBB” credit rating, offering investors dependable income security.
- Passive Triple Net Investment: Structured as an NNN lease, this investment eliminates landlord responsibilities, besides an annually Association Assessment fee delivering a truly hands-off and predictable income stream.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$127,469.00
$10,622.42/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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