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211 - 217 Cedar Street, Greenville, AL

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211 - 217 Cedar Street

Greenville, AL 36037-2327

(483.3 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1966
Building Size:11,100 SF Land Area:1.68 AC (73,181 SF)
For Sale Price:$445,000 Price/SF:$40.09
Cap Rate:8.86 %
Parking:Free Surface spaces are available; Ratio of 7.14/1,000 SF
Features:Pylon Sign

Sale Notes:
The Family Dollar and Medicine Shoppe Pharmacy shopping center situated on 1.68 acres of infill land in Greenville Alabama the county seat of Butler County.
Medicine Shoppe occupies approximately 3,000 square feet of a larger building. At this location since 1998, Family Dollar occupies 8,100-square feet in a free standing building. Family Dollar has historical strong store sales and is in the first of 5-year renewal options with four (4) more 5-year options remaining with rent increases.
Family Dollar operates approximately 8,000 stores in 45 states and is publicly traded on the NYSE under ticker symbol FDO. Family Dollar is rated BBB- by Standard & Poor's.
The roofs for both buildings has been recently replaced, the HVAC for the Medicine Shoppe Pharmacy has just been replaced and the entire parking lot has just been resealed.
There are no other Family Dollar stores or Medicine Shoppe Pharmacies n the market or in a 15-mile radius.
There is potential for additional income to lease the unused part of the Medicine Shoppe Pharmacy building and the restaurant space in front of Family Dollar. However, no value has been given to these vacant spaces.

Nearly everyone who has driven south to the Gulf Coast beaches knows about Greenville - or thinks he does. But to really know Greenville, you need to put down that interstate map and stop in for a visit.
Located just half an hour south of Montgomery - where I-65, U.S. 31 and Alabama's Highway 10 converge - Greenville is the county seat of picturesque Butler County. Montgomery Regional Airport is just minutes away, and CSX rail serves the city.

Greenville is proud of its historic downtown business and residential district, and its wide variety of other retail and
commercial offerings. The city's industrial manufacturing base is diverse, from wood products and steering wheels to textiles, and it's rapidly growing.

Come visit Greenville, the Camellia City!

NAI Brannen Goddard
Russell A Malayery, CCIM, CIPS
(404) 812-4086

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