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Dollar General 376 Smothers Ave 7,500 SF Retail Building Eldridge, AL 35554 $1,212,556 ($161.67/SF) 7.15% Cap Rate
Investment Highlights
- The property is located less than 1 hour from Birmingham, the 3rd most populous city in Alabama.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- This Dollar General is located just south of Interstate 22 at the intersection of Highway 13 and Highway 118.
- This is the only general merchandise/every day needs store in the immediate area.
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Eldridge, Alabama. The property has approximately 9 years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built
2019
Price
$1,212,556
Price Per SF
$161.67
Cap Rate
7.15%
NOI
$86,698
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.00 AC
Zoning
OT
Property Taxes
| Parcel Number | 07-04-18-0-000-039-0010 | Improvements Assessment | $130,840 |
| Land Assessment | $4,100 | Total Assessment | $134,940 |
Property Taxes
Parcel Number
07-04-18-0-000-039-0010
Land Assessment
$4,100
Improvements Assessment
$130,840
Total Assessment
$134,940
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Dollar General | 376 Smothers Ave
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