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4111 Montgomery Hwy
Dothan, AL 36303
Aaron's Net Lease Investment | 7.25% Cap Rate · Retail Property For Sale
PROPERTY FACTS
ABOUT 4111 MONTGOMERY HWY , DOTHAN, AL 36303
Bull Realty is pleased to offer this STNL property occupied by Aaron's in Dothan, Alabama. This offering consists of an absolute NNN lease with 10 years of initial term to commence at close of escrow in the completion of a sale-leaseback. The lease also contains three 5-year options with a 10% escalation every 5 years. The 9,000 SF retail property generates a pro forma Net Operating Income of $108,360. The subject property is managed by Michael Hickey Sr., the principal at HPH Investments LLC and former VP of management at Aaron's corporate, where he served for 12 years. Mr. Hickey is supported by owner/operators Michael Hickey and Joleene Williams. Michael and Joleene have both been in the Aaron's system for 16 years respectively. The team successfully operates five other Aaron's locations across Alabama and Florida.
PROPERTY TAXES
| Parcel Number | 09-02-04-4-003-002-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $252,140 |
PROPERTY TAXES
