20 Freedom Ln - Freestanding FOR SALE


Hayneville, AL 36040
$1,271,600 USD
212-430-5180
20 Freedom Ln, Hayneville, AL for Sale
$1,271,600 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

20 Freedom Ln
Hayneville, AL 36040


HIGHLIGHTS

  • NNN Dollar General with Well Above Average Car Traffic (10,000 VPD)
  • 10 Year Lease with Rent Increases in Each Option
  • Strong Store Performance Per Placer.ai (Top 40% Store Nationwide)
  • Limited Proximate Dollar Store Competition
  • Low NNN Dollar General Rent Increasing Asset Security

OVERVIEW

NNN Dollar General w/ No Management Located on US Hwy 80 W with Well Above Average Dollar General Traffic (10,000 Vehicles Per Day (VPD)) and Rare Positioning at a Signalized Intersection in Hayneville, AL. Asset Constructed in 2020 Featuring 10+ Years of Base Lease Term Remaining and Multiple 5-Year Options Providing Long Term Security to Passive Investors and 1031 Exchange Buyers. This Dollar General Ranks in the Top 40 Percent of All Dollar Generals Nationally According to Placer.ai Analytics Indicating Strong Tenant Performance and Elevated Asset Security. The Nearest Dollar General and Family Dollar Competitive Stores are Located Over 13 Miles Away from the Subject Property Providing a Material Competitive Advantage to this Asset. At Just Over $95,000 Annually, Rent at This Dollar General is Low Suggesting Higher Profitability at this Store Providing Another Signal of This Store’s Long-Term Viability.

FOR SALE DETAILS

PRICE

$1,271,600 USD

PRICE/SF

$137 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

16-04-17-0-002-016-004-0

ASK ABOUT THIS PROPERTY

Christopher PappasMarcus & MillichapMore Info
212-430-5180

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Christopher PappasMarcus & MillichapMore Info
212-430-5180

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