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Family Dollar | Dollar General 25332 Straughn School Rd 10,500 SF Retail Building Andalusia, AL 36421 $1,482,353 ($141.18/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction | Opened Q2 2024.
- Ten Mile Average Household Income $65,824.
- Rare Dollar Tree Lease Guarantee (Not Family Dollar).
- Ten Mile Population is 20,770.
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this 10,500 SF Family Dollar/Dollar Tree hybrid store located in Andalusia, AL. The property is encumbered with a ten year double net lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade.
This Store is highly visible as it is strategically positioned along Straughn School Road in the city of Andalusia. The ten mile population is 20,770 with the ten mile average household income at $65,824. These are above average demographics for a Dollar Store. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.
This Store is highly visible as it is strategically positioned along Straughn School Road in the city of Andalusia. The ten mile population is 20,770 with the ten mile average household income at $65,824. These are above average demographics for a Dollar Store. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Building Class
C
Year Built
2024
Price
$1,482,353
Price Per SF
$141.18
Cap Rate
8.50%
NOI
$126,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Frontage
163’ on Straughn School Road
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Family Dollar | Dollar General | 25332 Straughn School Rd
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