NNN Dollar General | 9 Years Left | Corporate Guaranteed
Built 2020 | 10% Rent Bumps | 4,121 VPD
Marketing description
AMC Real Estate Investment Services is pleased to present this Dollar General located in Nauvoo, 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 sitting on an oversized 2.00-acre site, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Nauvoo is a small town in Walker County in northwestern Alabama, less than one hour northwest of Birmingham. The store sits along AL-5 which leads directly into Birmingham, with visibility to over 4,121 vehicles per day in a small retail market with limited nearby competition. 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
- Visible to over 4,121 vehicles per Day
- Corporately Guaranteed lease by Dollar General (S&P: BBB)
- Small retail market with limited nearby competition
- Brand New Construction Back in 2020 | Oversized 2.00-Acre Site
- 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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