This property is Off-Market

Alabama Highway 69
Guntersville, AL 35976 ·

9,614 SF · Retail For Sale

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Dollar General Store

Price N/A Cap Rate 8.10%
Building Size 9,614 SF Tenancy Single
Property Type Retail Year Built 2004
Property Sub-type
Free Standing Bldg
More...
  • Retail (Other)
Lot Size 1.50 AC
Property Use Type Investment
Listing ID: 13872991 Date Created: 03/05/2004 Last Updated: 09/21/2004

Description

The subject property is a new 9,014+/- sq. ft. Dollar General Store located on Alabama Highway 69 in Scant City, Marshall County, Alabama. Scant City is located approximately 25 miles south of Huntsville, AL along the shores of Guntersville Lake and the Tennessee River. Guntersville Lake is a prime recreational getaway for Alabama residents.

Please be advised this property is currently under construction and is scheduled to be completed in June of 2004. The location strongly benefits from minimal competition in the grocer and retailer category. Dolgencorp, Inc. has signed a 10-year, NN lease expiring on June 30, 2014. The lease offers the Landlord a percentage rent clause and three, five-year options to extend.

Dollar General is the nation’s largest discount store chain with over 6,700 stores nationwide. Dollar General Stores focus on selling general merchandise at everyday low prices, primarily serving low-, middle- and fixed-income families within a five mile radius from their stores. Dollar General currently has a Standard and Poors rating of “BB+.”

The subject property is a new 9,014+/- sq. ft. Dollar General Store located on Alabama Highway 69 in Scant City, Marshall County, Alabama. Scant City is located approximately 25 miles south of Huntsville, AL along the shores of Guntersville Lake and the Tennessee River. Guntersville Lake is a prime recreational getaway for Alabama residents.

Highlights

  • Brand New 10-Year NN Lease
  • Corporately Guaranteed by Dollar General-S&P Rated "BB+"
  • Percentage Rent Clause
  • Additional Rent from ATM on Property
  • New Construction
  • Only $66.56 Per Foot

Research

Alabama Highway 69, Guntersville, AL 35976 (Marshall County)

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