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5851 Johns Road - Dollar General, Bessemer, AL

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5851 Johns Road - Dollar General

Bessemer, AL 35023-5951 - Bessemer Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:9,026 SF Land Area:1.5 AC (65,340 SF)
For Sale Price:$1,540,727 Price/SF:$170.70
Cap Rate:6.50 %



Sale Notes:
Fortis Net Lease is pleased to present this 9,026 SF Dollar General store located in Birmingham, AL. The property is encumbered with a Fifteen (15) Year Absolute NNN
Lease, leaving zero landlord responsibilities. The lease contains Four(5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed
by Dollar General Corporation which holds a credit rating of BBB , which is classified as Investment Grade. The rent commenced 8/10/2016.

This Dollar General Is highly visible and as it is strategically positioned in Birmingham, AL. The ten mile population from the site exceeds 134,500 while the three mile average household income exceeds $60,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031
exchange buyer or a passive investor to attain the fee simple ownership of a Dollar General.

Fortis Net Lease
Bryan Bender
(248) 419-3810

Robert Bender
(248) 254-3406

Doug Passon
(248) 254-3407




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