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Dollar General 18 Coosa County Road 133 9,100 SF 100% Leased Retail Building Kellyton, AL 35089 $1,217,748 ($133.82/SF) 7.15% Cap Rate
Investment Highlights
- The Property is located in Kellyton, Alabama which is a little over an hour SE of Birmingham, the 3rd most populous city in AL and approximately 2 hou
- This is the only general merchandise/every day needs store in the immediate area.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- The property benefits from being located along AL-22 and is the only Dollar General in a 9-mile radius.
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Kellyton, Alabama. The property has 9+ years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,100 SF
Building Class
B
Year Built
2021
Price
$1,217,748
Price Per SF
$133.82
Cap Rate
7.15%
NOI
$87,069
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
OT
Property Taxes
| Parcel Number | 11-09-30-0-000-006.0000 | Improvements Assessment | $103,140 |
| Land Assessment | $1,140 | Total Assessment | $104,280 |
Property Taxes
Parcel Number
11-09-30-0-000-006.0000
Land Assessment
$1,140
Improvements Assessment
$103,140
Total Assessment
$104,280
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Dollar General | 18 Coosa County Road 133
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