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DG Market | Alexandria, AL 8145 AL-144 Hwy 10,566 SF Retail Building Alexandria, AL 36250 $2,178,844 ($206.21/SF) 6.75% Cap Rate

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Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • Located approximately halfway between Birmingham, AL and Atlanta, GA
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Alexandria, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and a rent commencement date of November 20, 2024. The property is located along AL Hwy 144 on the north side of Alexandria, a town on the northern side of the Oxford-Anniston MSA approximately 20 miles south of Gadsen, AL. Alexandria is nestled in the foothills of Northeast Alabama in Calhoun County, AL, approximately 75 miles East of Birmingham, AL and 90 miles West of Atlanta, GA. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
The subject property is located on AL Hwy 144 on the north side of Alexandria, a town in Calhoun County just north of Oxford-Anniston, a high-traffic stop on the I-20 corridor that connects Atlanta, GA to Birmingham, AL. Calhoun County, AL is a great place to do business and attend college with progressive communities and strong economics. The total area of Calhoun County is 612 square miles with 4 major highways, including Interstate 20, Highway 78, 278, and 431.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
C
Year Built
2024
Price
$2,178,844
Price Per SF
$206.21
Cap Rate
6.75%
NOI
$147,072
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.97 AC
Parking
36 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
396’ on County Road 73

Nearby Major Retailers

Waffle House
Truist

Property Taxes

Property Taxes

Parcel Number
13-08-28-0-000-004.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$400
  • Listing ID: 32790149

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 8145 AL-144 Hwy, Alexandria, AL 36250

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