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NNN Dollar General | 9 Years Left 18275 AL Highway 35 9,100 SF Retail Building Scottsboro, AL 35768 $1,204,640 ($132.38/SF) 7.35% Cap Rate
Investment Highlights
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
- Visible to over 5,136 vehicles per Day
- Five, Five-Year Renewal Options with 10% Rental Increases
- Absolute NNN Lease with zero landlord responsibility
- Small retail market with very limited nearby competition
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Scottsboro, 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). The lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Scottsboro is the county seat of Jackson County in northeastern Alabama, less than one hour east of Huntsville and centrally located between Huntsville, Birmingham, Chattanooga, and Atlanta. The store occupies a hard corner location at the intersection of AL-79 and AL-35 with visibility to over 5,136 vehicles per day, situated in a small retail market with very limited nearby 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
Building Size
9,100 SF
Building Class
C
Year Built
2019
Price
$1,204,640
Price Per SF
$132.38
Cap Rate
7.35%
NOI
$88,541
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.14 AC
Zoning
C-1 - Commercial Retail
Parking
38 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
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
Not bikeable
10/100
Property Taxes
| Parcel Number | 26-05-21-0-000-032.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $188,480 |
Property Taxes
Parcel Number
26-05-21-0-000-032.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$188,480
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