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376 Smothers Ave
Eldridge, AL 35554
NNN Dollar General | 8 Years Left · Retail Property For Sale
Investment Highlights
- ?Absolute NNN Lease with zero landlord responsibilities
- ?Minimal retail competition in the surrounding areas
- 2019 Year Built
- ?To Be Sold Only as Part of the 7-Property Alabama Portfolio
- ?Long lease term remaining of 8 years
- ?Five, Five-Year Renewal Options with 10% Rental Increases
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Eldridge, Alabama, offered as part of a 7-property Alabama portfolio.? The property operates under an absolute NNN lease with zero landlord responsibilities and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB).? Brand new construction back in 2019 with 8 years of firm lease term remaining, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge.? Eldridge is located in Walker County in north central Alabama, less than one hour northwest of Birmingham.? The store sits at the intersection of two main highways with minimal retail competition in the surrounding areas, making it the go to destination for everyday needs.? This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.?
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built
2019
Price
$1,179,565
Price Per SF
$157.28
Cap Rate
7.35%
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 | $0 |
| Land Assessment | $0 | Total Assessment | $133,880 |
Property Taxes
Parcel Number
07-04-18-0-000-039-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$133,880
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