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1507 W Magnolia Avenue - Dollar General, Geneva, AL

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1507 W Magnolia Avenue - Dollar General

Geneva, AL 36340-1213

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2012
Building Size:11,600 SF Land Area:1.87 AC (81,457 SF)
For Sale Price:$699,000 Price/SF:$60.26
Cap Rate:10.00 %

Sale Notes:
Partners Realty is pleased to offer for sale a Dollar General anchored strip center located in Geneva, AL. There is 11,600' leasable space. Building A was built in 1998 and is 8000'. Building B was built in 2004 and is 3600' that is divided into three 1200' spaces. Tenant C currently leases 2 spaces.

Rent Roll
Tenant A- Dollar General has 1 year remaining on option 2 with 1 five year option remaining.
Tenant B- Advance America has 2 years left on current lease with 1 three year option remaining
Tenant C- MedEx Pharmacy 1 year left with 2 five year options remaining
This property is located on the west side of Geneva, which has become the growth side of town. 175' of road frontage on West Magnolia Avenue. 2010 population was 4500. 30 mile population was 217,844.

Partners Realty
Rod McIntyre
(334) 277-1077

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