16458 Highway 69 N - Freestanding FOR SALE


Northport, AL 35475
$1,237,798 USD
312-279-5345
16458 Highway 69 N, Northport, AL for Sale
$1,237,798 USD
Freestanding - FOR SALE
1/6
null | 7.45% Cap Rate

16458 Highway 69 N
Northport, AL 35475


HIGHLIGHTS

  • Just Under 10 Years Remaining | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
  • Located Along Hard Corner Intersection | Centralized Location | Strong Tenant Presence | Limited Competition | 2020 Construction
  • Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade, corporate signed, Dollar General investment property located in Northport, AL (Tuscaloosa MSA). The tenant, Dollar General, Co., has just under 10 years of firm term remaining with 3 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with limited landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store with over 18,500 stores in operation. The asset, which was built in 2020, features a state-of-the-art design using high quality materials.

FOR SALE DETAILS

PRICE

$1,237,798 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 10 Yrs Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

Commercial

APN/PARCEL ID

15-06-23-0-001-001.000

ASK ABOUT THIS PROPERTY

Sean LutzSRS Real Estate PartnersMore Info
312-279-5345

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

Sean LutzSRS Real Estate PartnersMore Info
312-279-5345

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