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Dollar General 75360 Highway 9 9,100 SF Retail Building Ashland, AL 36251 $1,194,545 ($131.27/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- The Property is located in Ashland, Alabama which is a little over an hour SE of Birmingham, the 3rd most populous city in AL and approximately 2 hou
- This Dollar General is centrally located between Birmingham, Atlanta and Montgomery.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- The property benefits from being located along AL-9 and is the only Dollar General in an 8-mile radius.
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Ashland, Alabama. The property has 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
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,194,545
Price Per SF
$131.27
Cap Rate
7.15%
NOI
$85,410
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Zoning
C-1 - Commercial
Frontage
248’ on Alabama 9
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 17-17-05-21-0-000-003.003 | Improvements Assessment | $128,140 |
| Land Assessment | $1,054 | Total Assessment | $129,194 |
PROPERTY TAXES
Parcel Number
17-17-05-21-0-000-003.003
Land Assessment
$1,054
Improvements Assessment
$128,140
Total Assessment
$129,194
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Dollar General | 75360 Highway 9
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