18275 AL Highway 35 - Retail FOR SALE


Scottsboro, AL 35768
$1,204,640 USD
586-718-7011
18275 AL Highway 35, Scottsboro, AL for Sale
$1,204,640 USD
Retail - FOR SALE
1/3
null | 7.35% Cap Rate

18275 AL Highway 35
Scottsboro, AL 35768


HIGHLIGHTS

  • To Be Sold Only as Part of the 7-Property Alabama Portfolio
  • Absolute NNN Lease with zero landlord responsibility
  • Visible to over 5,136 vehicles per Day
  • Small retail market with very limited nearby competition
  • Five, Five-Year Renewal Options with 10% Rental Increases

OVERVIEW

AMC Real Estate Investment Services is pleased to present this Dollar General located in Scottsboro, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibility and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). The lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Scottsboro is the county seat of Jackson County in northeastern Alabama, less than one hour east of Huntsville and centrally located between Huntsville, Birmingham, Chattanooga, and Atlanta. The store occupies a hard corner location at the intersection of AL-79 and AL-35 with visibility to over 5,136 vehicles per day, situated in a small retail market with very limited nearby competition. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.

FOR SALE DETAILS

PRICE

$1,204,640 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Dollar General | 9 Years Left

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,857 SF

ZONING

C-1

APN/PARCEL ID

26-05-21-0-000-032.000

ASK ABOUT THIS PROPERTY

Angelo IacobelliAMC Real Estate Investment ServicesMore Info
586-718-7011

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Angelo IacobelliAMC Real Estate Investment ServicesMore Info
586-718-7011

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