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3485 Woodley Rd
Montgomery, AL 36116
Family Dollar Net Lease Investment · Retail Property For Sale
PROPERTY FACTS
ABOUT 3485 WOODLEY RD , MONTGOMERY, AL 36116
Bull Realty is pleased to offer this single tenant NNN leased Family Dollar investment property, located in Montgomery, AL, the state capital with a population of over 375,000 in the MSA. Built in 2015, this 15-year NNN lease has 13 years remaining on the initial term and six 5-year options. The lease is guaranteed by Family Dollar, a subsidiary of Dollar Tree. Unlike its main competition in the small box dollar store space, this Family Dollar lease has a 10% rent increase in Year 11 of the initial term. As an absolute NNN lease, there are no landlord responsibilities whatsoever. Family Dollar is no longer offering the NNN lease structure, replacing future leases with a 10 year NN lease, thus making the lease structure of this Montgomery offering even more attractive to investors concerned about long term yield and an absolute NNN lease. This established Family Dollar was built by a leading Family Dollar developer and is offered at an attractive 6.35% cap rate. For more information, please contact Nancy Miller.
PROPERTY TAXES
| Parcel Number | 15-02-04-1-002-001.001 | Improvements Assessment | $132,160 |
| Land Assessment | $20,220 | Total Assessment | $152,380 |
PROPERTY TAXES
