Log In/Sign Up
Your email has been sent.
Dollar General 101 Frankfurt Circle 9,026 SF 100% Leased Retail Building Birmingham, AL 35211 $1,900,000 ($210.50/SF) 6.71% Cap Rate
Investment Highlights
- Absolute NNN lease with 10 years remaining and five 5-year renewal options.
- Prime corner location with ±20,000 vehicles per day and excellent visibility.
- 2021 construction, 9,026 SF building on 1.96-acre lot in Birmingham MSA.
- Corporate guaranteed lease by Dollar General, investment-grade BBB credit.
- Dense trade area with 39,952 residents in 3 miles and 152,845 in 5 miles.
- Hands-off investment with minimal landlord responsibilities and stable income.
Executive Summary
Hutt Cooke
Matthews Real Estate Investment Services, Inc
License # 000110253 - 0, 000168807-0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 000110253 - 0, 000168807-0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2021
Price
$1,900,000
Price Per SF
$210.50
Cap Rate
6.71%
NOI
$127,469
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
1.96 AC
Zoning
I-3 - Industrial
Frontage
520’ on FRANKFURT CIR
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-00-29-4-001-001.008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $415,980 |
Property Taxes
Parcel Number
29-00-29-4-001-001.008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$415,980
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dollar General | 101 Frankfurt Circle
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.