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33957194
33711590

75360 Alabama 9, Ashland, AL 36251

AI
MI MI 6501442625
AMC Real Estate
CM
MI 6501448006
AMC Real Estate
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by AMC Real Estate, Bang Realty
$1,162,041
3 days on market
Updated 3 days ago

NNN Dollar General | 9 Years Left | Corporate Guaranteed

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Cap Rate 7.35%
NOI $85,410
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 02/27/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options Five (5) Five-Year Options
Price per SqFt $128
Year Built 2020
Acreage 2.010
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/09/2020
Ground Lease No

Built 2020 | 10% Rent Bumps | Only DG Within 8-Mile Radius

Marketing description

AMC Real Estate Investment Services is pleased to present this Dollar General located in Ashland, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). Brand new construction back in 2020 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. Ashland is a small city in Clay County in east central Alabama, approximately one hour southeast of Birmingham and centrally located between Birmingham, Atlanta, and Montgomery. The store sits along AL-9 and is the only Dollar General within an 8-mile radius with minimal retail competition in the surrounding areas. 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 with zero landlord responsibility
  • Long lease term remaining 9 years
  • Corporately Guaranteed lease by Dollar General (S&P: BBB)
  • Minimal retail competition in the surrounding areas
  • Brand New construction back in 2020
  • Five, Five-Year Renewal Options with 10% Rental Increases
  • To Be Sold Only as Part of the 7-Property Alabama Portfolio

Listing Contacts

AI
MI MI 6501442625
AMC Real Estate
CM
MI 6501448006
AMC Real Estate
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by AMC Real Estate, Bang Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,410.00
$7,117.50/mo

Valuation Metrics

0
DSCR
7.35%
Cap Rate
7.35%
ROI

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Additional Information

Name
Brian Brockman
License
119315
Brokerage
Bang Realty-Alabama Inc
Brokerage Phone
(513) 898-1551
Title
Broker of Record
Brokerage Address
2939 Vernon Place, Cincinnati, OH 45219
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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