NNN Dollar General | 9 Years Left | Corporate Guaranteed
Built 2021 | 10% Rent Bumps | Only DG Within 9-Mile Radius
Marketing description
AMC Real Estate Investment Services is pleased to present this Dollar General located in Kellyton, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with no landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). Brand new construction back in 2021 with 9 years of firm lease term remaining, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Kellyton is a small town in Coosa County in east central Alabama, centrally located between Birmingham, Atlanta, and Montgomery. The store sits along AL-22 and is the only Dollar General within a 9-mile radius with minimal retail competition in the surrounding market. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.
Investment highlights
- Absolute NNN Lease no landlord responsibility
- Corporately Guaranteed lease by Dollar General (S&P: BBB)
- Brand New construction back in 2021 with 9 years remaining
- Minimal retail competition in surrounding market
- Five, Five-Year Renewal Options with 10% Rental Increases
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
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