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75360 Highway 9
Ashland, AL 36251
NNN Dollar General | 9 Years Left · Retail Property For Sale
Investment Highlights
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
- Minimal retail competition in the surrounding areas
- Five, Five-Year Renewal Options with 10% Rental Increases
- Absolute NNN Lease with zero landlord responsibility
- Brand New construction back in 2020
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Ashland, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). Brand new construction back in 2020 with 9 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. Ashland is a small city in Clay County in east central Alabama, approximately one hour southeast of Birmingham and centrally located between Birmingham, Atlanta, and Montgomery. The store sits along AL-9 and is the only Dollar General within an 8-mile radius with minimal retail competition in the surrounding areas. 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
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,162,041
Price Per SF
$127.70
Cap Rate
7.35%
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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