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8085 US Highway 98, Fairhope, AL

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DetailMap
8085 US Highway 98

Fairhope, AL 36532-5863 - Baldwin County Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2005
Building Size:9,020 SF Land Area:2.74 AC (119,280 SF)
For Sale Price:$621,176 Price/SF:$68.87
Cap Rate:8.50 %



Sale Notes:
SRS National Net Lease Group is pleased to present the opportunity to acquire the fee
simple interest (land and building) in a Dollar General located in Fairhope, AL. Built in
2007, the lease has 5.33 years remaining in the initial term with five (5) five (5) year
options at 7.50% rental increases; providing investors with a hedge against inflation. The
NN lease has minimal landlord responsibilities, ideal for a passive investor. The lease is
guaranteed by Dollar General Corp (NYSE: DG) with an investment grade credit rating of
BBB from Standard & Poor' s.

The subject property is strategically located on US-98 with 5,620 vehicles passing by daily. Fairhope sits along the cliffs and shoreline of Mobile Bay and is less than an hour' s drive
from both Mobile, Alabama and Pensacola, FL. The 10-mile trade area is supported by a
population of 43,345 with an average household income of $72,450.

SRS National Net Lease Group
Jim Schuchert
(949) 698-1100

Joe Schuchert
(949) 629-4540

Joe Schuchert
(949) 698-1100




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