Log In/Sign Up
Your email has been sent.
Dollar General | 10+ Yr Abs NNN 16458 Highway 69 N 9,368 SF Retail Building Northport, AL 35475 $1,237,798 ($132.13/SF) 7.45% Cap Rate
Investment Highlights
- Over 10 Years Remaining | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
- Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area
- Located Along Hard Corner Intersection | Centralized Location | Strong Tenant Presence | Limited Competition | 2020 Construction
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade, corporate signed, Dollar General investment property located in Northport, AL (Tuscaloosa MSA). The tenant, Dollar General, Co., has over 10 years of firm term remaining with 3 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with limited landlord responsibilities, making this an ideal, management-free investment opportunity for
a passive investor. Dollar General is a nationally recognized and established discount store with over 18,500 stores in operation. The asset, which was built in 2020, features a state-of-the-art design using high quality materials.
a passive investor. Dollar General is a nationally recognized and established discount store with over 18,500 stores in operation. The asset, which was built in 2020, features a state-of-the-art design using high quality materials.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,368 SF
Building Class
B
Year Built
2020
Price
$1,237,798
Price Per SF
$132.13
Cap Rate
7.45%
NOI
$92,216
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
26.51 AC
Zoning
Commercial
Parking
26 Spaces (2.78 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 15-06-23-0-001-001.000 | Improvements Assessment | $12,060 |
| Land Assessment | $11,520 | Total Assessment | $23,580 |
Property Taxes
Parcel Number
15-06-23-0-001-001.000
Land Assessment
$11,520
Improvements Assessment
$12,060
Total Assessment
$23,580
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dollar General | 10+ Yr Abs NNN | 16458 Highway 69 N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.