1289 43rd Ave - Freestanding FOR SALE


Phenix City, AL 36869
$1,225,000 USD
678-613-7327
1289 43rd Ave, Phenix City, AL for Sale
$1,225,000 USD
Freestanding - FOR SALE
1/5
null | 7.54% Cap Rate

1289 43rd Ave
Phenix City, AL 36869


HIGHLIGHTS

  • Proven Long-Term Commitment: This NNN Dollar General has been successfully operating at this location since 2015
  • Great Location: Located just 3 miles from downtown Phenix (AL) and 4 miles from downtown Columbus
  • Strong Lease: The NNN lease is guaranteed by investment grade tenant, Dollar General
  • Recession Resilient Tenant: Dollar General is a proven discount retailer as demonstrated during the pandemic and in recessionary times
  • Alabama License #: 000093159-0

OVERVIEW

This absolute NNN Dollar General in Phenix City, Alabama is strategically located just off busy Crawford Rd (U.S. 80 & AL 9), the primary east-west commercial corridor running through Phenix City and into Columbus, Georgia. Traffic counts just west of the property are ±27,443 VPD. This attractive, ±9,100 SF Dollar General was built in 2015 and sits on a ±1.12-acre corner site just over 3 miles west of downtown Phenix City and approximately 4 miles west of downtown Columbus. Phenix City is the county seat of Russell County. Located in eastern Alabama, it sits across the Chattahoochee River from Columbus, Georgia and is part of the Columbus MSA. The top regional employers include Fort Benning, TSYS Payment Solutions (a financial technology company), Columbus Regional Healthcare, Aflac, and St. Francis Hospital. The population within 5 miles of the property is ±81,611 with an average household income of $68,466. The initial NNN term of 15 years has ±4.67 years remaining with five 5-year renewal options, each with a 10% rent increase. There are no landlord responsibilities. It has a strong guaranty by Dollar General Corporation, which operates over 20,000 stores across the 48 continental states. This NNN Dollar General is priced at $1,225,000 with a 7.5% cap rate.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Net Lease Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

-

APN/PARCEL ID

57-05-04-17-2-005-001.000

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.