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Value Add Dollar General 41125 Us Highway 72 12,000 SF 100% Leased Retail Building Stevenson, AL 35772 $525,420 ($43.79/SF) 7.38% Cap Rate
Investment Highlights
- Owner recently invested $125k into the roof, facade, parking lot, and interior
- Below market rent - DG's lease expires in 3 years providing considerable rental upside
- Pro-forma cap rate of 12% with billboard and lease-up of vacant space at $6.4 /sf
- Significant upside potential
- Billboard company has offered to install a billboard that would increase the NOI by $6,000
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1976
Price
$525,420
Price Per SF
$43.79
Cap Rate
7.38%
NOI
$38,776
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.24 AC
Zoning
Commercial - Commercial
Frontage
144’ on U.S. 72
Property Taxes
| Parcel Number | 14-04-19-0-000-024.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $80,580 |
Property Taxes
Parcel Number
14-04-19-0-000-024.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$80,580
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Value Add Dollar General | 41125 Us Highway 72
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