75360 Highway 9 - Freestanding FOR SALE


Ashland, AL 36251
$1,162,041 USD
586-718-7011
75360 Highway 9, Ashland, AL for Sale
$1,162,041 USD
Freestanding - FOR SALE
1/3
null | 7.35% Cap Rate

75360 Highway 9
Ashland, AL 36251


HIGHLIGHTS

  • To Be Sold Only as Part of the 7-Property Alabama Portfolio
  • Absolute NNN Lease with zero landlord responsibility
  • Minimal retail competition in the surrounding areas
  • Brand New construction back in 2020
  • Five, Five-Year Renewal Options with 10% Rental Increases

OVERVIEW

AMC Real Estate Investment Services is pleased to present this Dollar General located in Ashland, 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). Brand new construction back in 2020 with 9 years of firm lease term remaining, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Ashland is a small city in Clay County in east central Alabama, approximately one hour southeast of Birmingham and centrally located between Birmingham, Atlanta, and Montgomery. The store sits along AL-9 and is the only Dollar General within an 8-mile radius with minimal retail competition in the surrounding areas. 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

$1,162,041 USD

PRICE/SF

$128 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

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

C-1

APN/PARCEL ID

17-17-05-21-0-000-003.003

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.