17837 Us Highway 72
Athens, AL 35611
Retail Property For Sale

Fortis Net Lease is pleased to present this 8,125 SF Dollar General store located in Athens, AL. The property is encumbered with a Double Net (NN) Lease with 1.66 years remaining, leaving limited landlord responsibilities. Dollar General recently extended the lease, showing their commitment to the site. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is open with rent having commenced in 2005. This Dollar General is highly visible as it is strategically positioned off of US-HWY 72 in Athens, AL. The five-mile population from the site exceeds 30,500, while the two mile average household income exceeds $44,500 per year, making this location perfect for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 8.65% cap rate based on NOI of $52,500.