9345 State St - Retail FOR SALE


Gainesville, AL 35464
$1,132,884 USD
586-718-7011
9345 State St, Gainesville, AL for Sale
$1,132,884 USD
Retail - FOR SALE
1/3
null | 7.35% Cap Rate

9345 State St
Gainesville, AL 35464


HIGHLIGHTS

  • To Be Sold Only as Part of the 7-Property Alabama Portfolio
  • Five, Five-Year Renewal Options with 10% Rental Increases
  • Subject property is 85 miles from city of Birmingham
  • Absolute NNN Lease with zero landlord responsibilities
  • Limited retail competition nearby for everyday needs

OVERVIEW

AMC Real Estate Investment Services is pleased to present this Dollar General located in Gainesville, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibilities and is corporately guaranteed by Dollar General, an investment grade tenant (S&P: BBB). The lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Gainesville is located in Sumter County in western Alabama, approximately 85 miles from the city of Birmingham. The store sits in the center of town directly across from the municipal complex with limited retail competition nearby for everyday needs, positioning it as the primary destination for the surrounding community. 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

$1,132,884 USD

PRICE/SF

$124 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

31

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

C-1

APN/PARCEL ID

08-01-02-3-003-001.000,08-01-02-3-003-006.000,08-01-02-4-009-003.000,08-01-02-4-009-004.000

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.