1345 Hueytown Rd
Hueytown, AL 35023
Dollar General Strong Store Sales · Retail Property For Sale

SITE DEDICATION Dollar General is dedicated to this location. In 2009 with two years remaining on their base term, they chose to exercise their option early. In 2016 at the end of the seven-year early extension, they exercised another option. The five-year option exercised last year also included an increase in rent. Dollar General uses this location for trial products. When Dollar General is considering additional products to market, they exclusively market at this location in order to predict the success in other stores. In 2015 Dollar General completely remodeled the interior of this store. STRONG STORE SALES This Dollar General has a history of strong sales. The current rent to sales ratio is 3.5 percent, and there is a clear upward trend when looking at the store sales from previous years. INVESTMENT GRADE TENANT Dollar General is publicly traded (NYSE: DG) and operates over 13,000 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P. BIRMINGHAM MSA Hueytown is located just under 15 miles south of Birmingham and is part of the Birmingham-Hoover MSA. The Birmingham-Hoover metro contains a population of roughly 1.2 million residents in Jefferson, Bibb, Shelby, Blount, Chilton, Walker and St. Clair counties. It is the state' s largest city. The most populous city is Birmingham, with more than 200,000 people, followed by Hoover and Vestavia Hills with 85,100 and 35,300 residents, respectively. Population growth is expanding outward from the city along the interstate system into next-ring cities such as Alabaster. Recovery in Birmingham-Hoover' s manufacturing and steel industries has helped the local economy record significant gains in recent years. Continued diversification into high-tech manufacturing and white-collar jobs is strengthening the state' s recovery. Healthcare industries have become more prominent. The University of Alabama at Birmingham is a leader in biotechnology and medical research. The financial sector is expanding. Many major banks, insurance companies and other financial institutions such as BBVA Compass are headquartered in the area.