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DG Market | Lincoln, AL 1220 Patton Chapel rd 10,566 SF Retail Building Lincoln, AL 35096 $2,286,222 ($216.38/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Single Tenant Investment Opportunity
- 15-Year Lease with Five (5), Five (5) Year Options
- Corporate Guarantee by Dollar General Corporation
- Upgraded Hardy Plank Exterior
- 5% Increases Every 5 Years During the Initial Term and Each Option
EXECUTIVE SUMMARY
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Lincoln, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years and a rent commencement date of August 29, 2024. The property is located on Patton Chapel Rd just east of the Coosa River and west of Oxford-Anniston, AL, approximately 6 miles from Talladega Superspeedway. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Building Class
C
Year Built
2024
Price
$2,286,222
Price Per SF
$216.38
Cap Rate
6.75%
NOI
$154,320
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.01 AC
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DG Market | Lincoln, AL | 1220 Patton Chapel rd
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