7996 AL-5 - Retail FOR SALE


Nauvoo, AL 35578
$1,173,769 USD
586-718-7011
7996 AL-5, Nauvoo, AL for Sale
$1,173,769 USD
Retail - FOR SALE
1/3
null | 7.35% Cap Rate

7996 AL-5
Nauvoo, AL 35578


HIGHLIGHTS

  • To Be Sold Only as Part of the 7-Property Alabama Portfolio
  • Absolute NNN Lease with zero landlord responsibility
  • Visible to over 4,121 vehicles per Day
  • 2020 Year Built | Oversized 2.00-Acre Site
  • Five, Five-Year Renewal Options with 10% Rental Increases

OVERVIEW

AMC Real Estate Investment Services is pleased to present this Dollar General located in Nauvoo, 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 sitting on an oversized 2.00-acre site, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Nauvoo is a small town in Walker County in northwestern Alabama, less than one hour northwest of Birmingham. The store sits along AL-5 which leads directly into Birmingham, with visibility to over 4,121 vehicles per day in a small retail market with 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

$1,173,769 USD

PRICE/SF

$141 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

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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.

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.