Log In/Sign Up
Your email has been sent.
Dollar General, Troy, Alabama 7036 N US Highway 29 9,054 SF Retail Building Troy, AL 36081 $1,070,000 ($118.18/SF) 8.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Credit rated tenant with corporate guaranty
- 8.1 years remaining on lease term
- Absolute NNN, no landlord responsiblities;
- 4.09% assumable loan for 1% to qualified buyer; 3 years remaining on loan
- Owner pays 2 1/2% commission to buyer's broker on successful close of escrow
EXECUTIVE SUMMARY
This is a 7 year old absolute NNN lease with 8.1 years left on original lease term. Tenant has five 5 year options to renew and each carries a 10% rent bump. There are no landlord responsibilities. There is a 4.09% interest rate mortgage due in 3 more years which requires a monthly payment of $3,313 per month, and the monthly rental income from the tenant is $7,225.13. It is offered by the owner. This store is located 58 miles southeast of Montgomery, Alabama, and there is little if any competition to the store within a 5 mile radius. There are 3500 residents within a 5 miles radius, and the medium income in that 5 miles radius is $40,000. Dollar General Corporation has a S&P Credit Rating of BBB, and operates over 20,000 locations. Owner will cooperate with Buyer's 1031 requirements. Owner has 4 other similar stores any combination of which can be included in a portfolio sale to accommodate buyer's 1031 requirements on similar terms herein proposed.
DATA ROOM Click Here to Access
- Offering Memorandum
- Third Party Reports
- Title and Insurance
- Investigations
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,054 SF
Building Class
B
Year Built
2018
Price
$1,070,000
Price Per SF
$118.18
Cap Rate
8.10%
NOI
$86,702
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.73 AC
Zoning
C - Commercial
Parking
27 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
201’ on US Hwy 29
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 55 11 04 20 0 000 005.004 | Improvements Assessment | $151,140 |
| Land Assessment | $2,800 | Total Assessment | $153,940 |
PROPERTY TAXES
Parcel Number
55 11 04 20 0 000 005.004
Land Assessment
$2,800
Improvements Assessment
$151,140
Total Assessment
$153,940
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Boogaard Properties
Dollar General, Troy, Alabama | 7036 N US Highway 29
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.