Listed by Trinity Real Estate Investment Services
$1,696,590
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 7%
NOI $118,761
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $188
Year Built 2011
Acreage 1.450
Investment Type Net Lease
Lease Commencement 06/29/2011
Ground Lease No
Retail | 7.0% CAP | 9,026 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Tuscaloosa, AL. This property features an Absolute NNN Lease with zero landlord responsibilities in a proven location, where Dollar General exercised its first option and paid a full 10% increase in rent.
Property Website: https://trinityreis.com/listing/3600-culver-rd/
In cooperation with Brian Brockman at Bang Realty-Alabama Inc | AL #119315 | [email protected] | (513) 898-1551
Investment highlights
- Absolute NNN Lease Dollar General in Tuscaloosa, AL
- Proven Location - Dollar General Exercised 1st Option Paying Full 10% Increase in Rent
- Across the Street From a Residential and Mixed Use Development - Current Under Construction
- Growing College Town Market - Tuscaloosa is Home to University of Alabama (40,000+ Enrollment)
- Located at Intersection With Almost 17,000 VPD
- 85,000 Residents Within 5 Miles (Not Including 40,000+ Students)
- Zero Landlord Responsibilities
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,761.00
$9,896.75/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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