AMC Real Estate Investment Services is proud to present the opportunity to acquire a single-tenant Dollar General located at 10090 AL-188 in Grand Bay, Alabama. The property was constructed in 2017 and features a ±9,002 square foot building situated on a oversized ±1.22-acre parcel along Alabama’s Coastal Connection, offering strong visibility and exposure to approximately 5,492 vehicles per day
The asset is leased to Dollar General on an absolute NNN basis, providing truly passive ownership with zero landlord responsibilities. The lease has approximately ±6.3 years of remaining term and includes five (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $93,287 produces a 7.50% cap rate at the offering price, making this an attractive blend of yield and long-term stability
Strategically located within the Mobile, Alabama Metropolitan Statistical Area—one of the fastest-growing metro regions in the state—the property benefits from a strong regional trade area and consistent consumer demand. Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy