NNN Dollar General | 9 Years Left | Corporate Guaranteed
30 Min North of Mobile | 10% Rent Bumps | 3,591 VPD
Marketing description
AMC Real Estate Investment Services is pleased to present this Dollar General located in Chunchula, 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). With a long lease term remaining of 9 years, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Chunchula is an unincorporated community in Mobile County, approximately 30 minutes north of Mobile, the second most populous city in Alabama. The store occupies a corner location at the SW intersection of AL-63 (Roberts Road) and AL-41 with visibility to over 3,591 vehicles per day, situated in a small retail market with little nearby retail 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 3,591 vehicles per Day
- Corporately Guaranteed lease by Dollar General (S&P: BBB)
- Located in a small retail market with little nearby retail competition
- Long lease term remaining of 9 years
- Five, Five-Year Renewal Options with 10% Rental Increases
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
