Listed by Matthews
$1,517,647
Dollar General - Part of a 2 Property Portfolio
Details
APN 30-02-09-1-036-001.000
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 9,014
Cap Rate 8.5%
NOI $129,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 23
Lease Expiration 05/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Five, 5-Year
Price per SqFt $168
Broker Co-Op True
Year Built 2008
Buildings 1
Stories 1
Acreage 0.990
Zoning Misc. Commercial
Parking Spaces 28 spaces
Parking Per SqFt 3.11
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/01/2008
Occupancy Date 06/01/2008
Ground Lease No
Ownership Fee Simple
8.50% Cap | Recent Renewal | ±97,000 Residents within 5 Miles
Investment highlights
- Tenant recently exercised a 5-year renewal option, demonstrating strong performance and long-term commitment to the site.
- NN lease with landlord responsibilities limited to roof, lot, structure, and HVAC occurrences above $1,000
- In addition to the rent, Dollar General pays an additional $477.18 per month for common area maintenance which increases 10% in the option periods.
- Located on the corner of Crescent Ridge Rd and 17th St, the property is exposed to over 10,110 vehicles per day. The site benefits from 3 access points, ensuring convenient ingress and egress for customers.
- The site is located approximately 3.5 miles from the University of Alabama Tuscaloosa which is home to 42,360 students.
- The property benefits from a dominant position within its trade area, with no competing retailers located in the immediate vicinity.
- The site benefits from Tuscaloosa's strong population base, serving a community supported by strong economic drivers including the University of Alabama, Mercedes-Benz U.S. International, DCH Health system, and a growing service sector.
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
$129,000.00
$10,750.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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