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Dollar General 10090 Highway 188 9,002 SF Retail Building Grand Bay, AL 36541 $1,392,328 ($154.67/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease/Zero Landlord Responsibilities
- Population Exceeds 54,000 Residents within a 10 Mile Radius
- Average Annual HH Income exceeds $55K within a 5 Mile Radius
EXECUTIVE SUMMARY
Exclusive Realty is pleased to present this 9,002-square-foot Dollar General store located in Grand Bay, Alabama. The property has an Absolute NNN Lease with zero landlord responsibilities. The Dollar General lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and this is classified as investment grade. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and proven profitability of the tenant.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,002 SF
Building Class
B
Year Built
1957
Price
$1,392,328
Price Per SF
$154.67
Cap Rate
6.70%
NOI
$93,280
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 | $230,540 |
| Land Assessment | $14,540 | Total Assessment | $245,080 |
PROPERTY TAXES
Parcel Number
44-02-09-0-000-055
Land Assessment
$14,540
Improvements Assessment
$230,540
Total Assessment
$245,080
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Dollar General | 10090 Highway 188
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