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3200 Main St
Altoona, AL 35952
Family Dollar | Dollar Tree · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Construction
- Scheduled Rent Increases
- Strategic Retail Location
- Minimal Landlord Responsibilities
- Corporate Lease
- Limited Competition
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Family Dollar | Dollar Tree investment property located at 3200 Main Street in Altoona, Alabama (the “Property”). Family Dollar | Dollar Tree has 9 years remaining on their lease with five (5), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. The Property enjoys excellent frontage and visibility along Main Street (AL Route 132), the area’s primary commercial and commuter corridor. Family Dollar | Dollar Tree is the main shopping destination in Altoona. Family Dollar | Dollar Tree is 4 miles from US Highway 278, the primary east west roadway, and is positioned between Oneonta and Gadsden, which offer retail and dining amenities, schools and employment opportunities and hospitals. Additionally, Family Dollar | Dollar Tree is approximately 45 miles from Birmingham.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$1,798,500
Price Per SF
$171.29
Cap Rate
7%
NOI
$125,895
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.71 AC
Zoning
C - Commercial
Frontage
200’ on 10TH AVE
PROPERTY TAXES
| Parcel Number | 07-08-34-0-001-121.000 | Improvements Assessment | $1,120 |
| Land Assessment | $2,300 | Total Assessment | $3,420 |
PROPERTY TAXES
Parcel Number
07-08-34-0-001-121.000
Land Assessment
$2,300
Improvements Assessment
$1,120
Total Assessment
$3,420
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