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Dollar General 10090 Highway 188 9,002 SF Retail Building Grand Bay, AL 36541 $1,243,824 ($138.17/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategically positioned on Alabama's Costal Connection (AL-188) providing visibility to ±5,492 vehicles per a day
- Site is near many national retailers like CVS, McDonald's, Subway, Waffle House, and others
- Property has an Absolute NNN lease with NO Landlord Responsibilities (Tenant is Responsible for all Maintenance of the Roof / HVAC / Parking Lot
- Long term lease with over 6 years remaining & 5 (5) year options with built in rental increases
- Site is ~25 Miles Northeast of Health University Hospital (406 Beds, 250 Physicians)
- Located in Mobile, AL Metropolitan Statistical Area, one of the FASTEST growing metro regions
EXECUTIVE SUMMARY
AMC Real Estate Investment Services is proud to present the opportunity to acquire a single-tenant Dollar General located at 10090 AL-188 in Grand Bay, Alabama. The property was constructed in 2017 and features a ±9,002 square foot building situated on a oversized ±1.22-acre parcel along Alabama’s Coastal Connection, offering strong visibility and exposure to approximately 5,492 vehicles per day
The asset is leased to Dollar General on an absolute NNN basis, providing truly passive ownership with zero landlord responsibilities. The lease has approximately ±6.3 years of remaining term and includes five (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $93,287 produces a 7.50% cap rate at the offering price, making this an attractive blend of yield and long-term stability
Strategically located within the Mobile, Alabama Metropolitan Statistical Area—one of the fastest-growing metro regions in the state—the property benefits from a strong regional trade area and consistent consumer demand. Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy
The asset is leased to Dollar General on an absolute NNN basis, providing truly passive ownership with zero landlord responsibilities. The lease has approximately ±6.3 years of remaining term and includes five (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $93,287 produces a 7.50% cap rate at the offering price, making this an attractive blend of yield and long-term stability
Strategically located within the Mobile, Alabama Metropolitan Statistical Area—one of the fastest-growing metro regions in the state—the property benefits from a strong regional trade area and consistent consumer demand. Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,002 SF
Building Class
B
Year Built
1957
Price
$1,243,824
Price Per SF
$138.17
Cap Rate
7.50%
NOI
$93,287
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.22 AC
PROPERTY TAXES
| Parcel Number | 44-02-09-0-000-055 | Improvements Assessment | $228,520 |
| Land Assessment | $14,540 | Total Assessment | $243,060 |
PROPERTY TAXES
Parcel Number
44-02-09-0-000-055
Land Assessment
$14,540
Improvements Assessment
$228,520
Total Assessment
$243,060
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Dollar General | 10090 Highway 188
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