299 Old Fort Rd - Convenience Store FOR SALE


Fort Deposit, AL 36032
$1,494,000 USD
248-254-3406
299 Old Fort Rd, Fort Deposit, AL for Sale
$1,494,000 USD
Convenience Store - FOR SALE
1/2
null | 8.75% Cap Rate

299 Old Fort Rd
Fort Deposit, AL 36032


HIGHLIGHTS

  • New Construction | Opened Q2 2024.
  • Rare Dollar Tree Lease Guarantee (Not Family Dollar).
  • Ten Mile Average Household Income $59,763.
  • Ten Mile population is 4,869.

OVERVIEW

Fortis Net Lease is pleased to present this 10,500 SF Family Dollar/Dollar Tree hybrid store located in Fort Deposit, AL. The property is encumbered with a ten year double net lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade. This Store is highly visible as it is strategically positioned along Old Fort Road in the city of Fort Deposit. The ten mile population is 4,869 with the ten mile average household income at $59,763. These are above-average demographics for a Dollar Store. This investment will offer a new ownersuccess due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.

FOR SALE DETAILS

PRICE

$1,494,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,762 SF

ZONING

C-1

APN/PARCEL ID

26-09-29-0-003-067-000-0

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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