9345 State St - Retail FOR SALE
Gainesville, AL 35464 |
$1,164,573 USD
317-218-5316
9345 State St
Gainesville, AL 35464
HIGHLIGHTS
- The property is located less than 1 hour from Tuscaloosa, the 5th most populous city in Alabama.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- This Dollar General is located right in the center of Gainesville and directly across the street from the city’s municipal complex.
- This is the only general merchandise/every day needs store in the immediate area.
OVERVIEW
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Gainesville, Alabama. The property has 9+ years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.
FOR SALE DETAILS
PRICE
$1,164,573 USD
PRICE/SF
$128 USD /SF
CAP RATE
7.15%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
08-01-02-4-009-004.000
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317-218-5316
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317-218-5316
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