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NNN Dollar General | 9 Years Left 13896 Roberts Rd 9,026 SF Retail Building Chunchula, AL 36521 $1,220,612 ($135.23/SF) 7.35% Cap Rate
Investment Highlights
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
- Visible to over 3,591 vehicles per Day
- Five, Five-Year Renewal Options with 10% Rental Increases
- Absolute NNN Lease with zero landlord responsibility
- Long lease term remaining of 9 years
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Chunchula, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). With a long lease term remaining of 9 years, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Chunchula is an unincorporated community in Mobile County, approximately 30 minutes north of Mobile, the second most populous city in Alabama. The store occupies a corner location at the SW intersection of AL-63 (Roberts Road) and AL-41 with visibility to over 3,591 vehicles per day, situated in a small retail market with little nearby retail competition. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,026 SF
Building Class
B
Year Built
2019
Price
$1,220,612
Price Per SF
$135.23
Cap Rate
7.35%
NOI
$89,715
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.94 AC
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
233’ on Roberts Road
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 13-01-12-0-000-001 | Improvements Assessment | $0 |
| Land Assessment | $18,800 | Total Assessment | $18,800 |
Property Taxes
Parcel Number
13-01-12-0-000-001
Land Assessment
$18,800
Improvements Assessment
$0
Total Assessment
$18,800
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