9975 Wilmer Georgetown Rd - Storefront FOR SALE
Wilmer, AL 36587 |
9975 Wilmer Georgetown Rd
Wilmer, AL 36587
HIGHLIGHTS
- The property hosts Dollar General, a Fortune 100 company, which provides buyers with a stable, nationally recognized tenant.
- 12 years remaining on 15 years base lease plus 5 five-years option to extend.
- The rent remains flat for the 15-year base lease then increases by 10% every five years.
- Features a NNN/triple-net lease with the tenant paying for taxes, insurance, and maintenance.
- The acquisition is highlighted by a cap rate currently projected to be 5.50% and includes a 2% commission to the buyer's agent.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Dollar General, Wilmer, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
9026
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
17-02-04-0-000-005.004
