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NNN Dollar General | 9 Years Left 9345 State St 9,100 SF Retail Building Gainesville, AL 35464 $1,132,884 ($124.49/SF) 7.35% Cap Rate
Investment Highlights
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
- Subject property is 85 miles from city of Birmingham
- Limited retail competition nearby for everyday needs
- Five, Five-Year Renewal Options with 10% Rental Increases
- Absolute NNN Lease with zero landlord responsibilities
Executive Summary
AMC Real Estate Investment Services is pleased to present this Dollar General located in Gainesville, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibilities and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). The lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Gainesville is located in Sumter County in western Alabama, approximately 85 miles from the city of Birmingham. The store sits in the center of town directly across from the municipal complex with limited retail competition nearby for everyday needs, positioning it as the primary destination for the surrounding community. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,132,884
Price Per SF
$124.49
Cap Rate
7.35%
NOI
$83,267
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.84 AC
Zoning
C-1 - Commercial
Parking
31 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
222’ on State Street
Amenities
- Signage
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $357,140 | |
| Land Assessment | $41,400 | Total Assessment | $398,540 |
Property Taxes
Parcel Numbers
Land Assessment
$41,400
Improvements Assessment
$357,140
Total Assessment
$398,540
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NNN Dollar General | 9 Years Left | 9345 State St
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