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6433 US Highway 431 - Dollar General, Alexandria, AL

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6433 US Highway 431 - Dollar General

Alexandria, AL 36250-5047


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2008
Building Size:9,014 SF Land Area:1.24 AC (54,014 SF)
For Sale Price:$967,529 Price/SF:$107.34
Cap Rate:7.65 %



Sale Notes:
Marcus & Millichap is pleased to offer for purchase a freestanding, fee simple Dollar General ( DG' ) investment opportunity located in Alexandria, Alabama. Alexandria is part of the Anniston-Oxford MSA which is the most populated metropolitan area in Northeast Alabama next to Huntsville. The subject property is positioned on a large +/- 1.24 acre parcel with a prototypical 9,014 square foot building. This Dollar General was developed as a build-to-suit in 2011.
This investment is accompanied by a corporately guaranteed lease by DG. In 2015, DG reported revenues of $20.4 billion which has increased every year since 2011. DG currently has an investment grade credit rating of BBB' /Stable from Standard & Poor' s. There are currently +/- 8 years remaining on the initial 15 year lease with five (5), 5 year renewal options. Most importantly, there are
rental increases during the initial term and each option.

Marcus & Millichap Inc
Jared Kaye
(678) 808-2700

Daniel Molloy
(678) 808-2763




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