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300 7th Street N - Dollar General, Oneonta, AL

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300 7th Street N - Dollar General

Oneonta, AL 35121-1571 - Blount County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1959
Building Size:11,500 SF Land Area:.88 AC (38,159 SF)
For Sale Price:$656,857 Price/SF:$57.12
Cap Rate:8.40 %

Sale Notes:
Franklin Street is pleased to present this corporately guaranteed Dollar General in Oneonta, Alabama. Oneonta is the county seat of Blount County, which has 57,322 residents. Oneonta is a northern suburb of Birmingham located 35 miles to the north of downtown. Birmingham is the largest metro in Alabama with 1.1 million residents. The subject property is centrally located on the main retail drag with other daily users. Dollar General is reporting strong sales that have increased year after year which have paid the landlord additional income through percentage rent. Dollar General has recently added beer and cigarettes to the store which should see a large boost to the sales.

Dollar General has occupied the space since 2004. They have recently exercised a new 5-year option. The lease is corporately guaranteed by Dollar General who currently operates 11,000+ locations across the United States. The tenant is responsible for taxes, insurance, and utilities. Tenant shall pay for all minor repairs and maintenance to heating, lighting, plumbing and air condition equipment up to $750 per occurrence. Landlord shall maintain all grass and landscaped areas. Tenant shall reimburse
Landlord $425 per month for Landlord' s actual cost of care and maintenance on the parking lot and shall include the maintenance of any grass or landscaped area, as well as lighting, cleaning, security, snow removal, striping and repairs.

Franklin Street Financial Partners
Bryan Belk
(404) 832-1250 x400

Oliver Oldacre
(404) 832-1250

John Tennant
(404) 832-1250 x409

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