20150 Highway 127
Athens, AL 35614
Dollar General · Retail Property For Sale
PROPERTY FACTS
ABOUT 20150 HIGHWAY 127 , ATHENS, AL 35614
NNN LEASE | The lease is NNN, with no landlord responsibilities. The tenant is responsible for maintaining and repairing all aspects of the subject property including the roof, structure parking lots, HVAC, insurance and property taxes. LONG TERM LEASE | There are thirteen (13.75) years remaining on the lease term, plus five (5), five (5) year options. RENT INCREASES | The lease provides for 10% rent increases at each option period. This provides a hedge against potential future inflation. NEW CONSTRUCTION | The building was built in 2016. STRATEGIC DEMOGRAPHICS | The average household income in the three (3) mile demographic ring is $59,845, which fits Dollar General’s target customer base. HIGH TRAFFICKED AREA | Elkmont Road and Cross Key Road reports traffic counts of 4,680 cars per day. CORPORATE GUARANTEE | The lease is guaranteed by Dollar General Corporation (NYSE: DG), a highly regarded company which has an investment grade credit rating of BBB (S&P) and Baa2 (Moody’s). The company operates over 14,600+ Dollar General locations with 130,000 employees throughout the U.S.
PROPERTY TAXES
| Parcel Number | 07-04-20-0-000-035.005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $218,200 |
