26 9th St - Freestanding FOR SALE


Ragland, AL 35131
$929,000 USD
850-499-6930
26 9th St, Ragland, AL for Sale
$929,000 USD
Freestanding - FOR SALE
1/3
null | 8.48% Cap Rate

26 9th St
Ragland, AL 35131


HIGHLIGHTS

  • $929,000 Asking Price/ 8.48 Cap Rate/$78,789 NOI
  • Established Dollar General Location operating since 2010
  • Just under 7 years remain on current lease w/five additional 5-year renewal options with 10% rent increases at each exercised option.
  • NN Lease -- Tenant reimburses real estate taxes & insurance.
  • Very limited direct competition with nearest operating Dollar General or Family Dollar approximately 7.2 miles away.
  • St. Clair County retail vacancy only 1.8%

OVERVIEW

Dollar General Investment Opportunity at 8.48% Cap Rate. Offered at $929,000 with $78,789 NOI. Established 9,014 SF Dollar General location operating since 2010. Just under 7 years remain on the current NN Lease, plus five 5-year renewal options with 10% rent increases at each option. Tenant reimburses real estate taxes & insurance. Veery limited direct competition with the nearest identified Dollar General approximately 7.2 miles away.

FOR SALE DETAILS

PRICE

$929,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

8.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

19-03-07-0-009-034.000

ASK ABOUT THIS PROPERTY

Karen MartineauRE/MAX Coastal PropertiesMore Info
850-499-6930

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Karen MartineauRE/MAX Coastal PropertiesMore Info
850-499-6930

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