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Dollar General I 2024 Build I Near Dothan AL 11893 Cottonwood Rd rd

10,640 SF Retail Building Cottonwood, AL 36320 $1,831,678 ($172/SF) 6.75% Cap Rate

Investment Highlights

  • Brand New 2024 Construction
  • 5% Rental Increases Every 5 Years Starting in Year 6
  • Dothan, Alabama MSA
  • Long Term 15 Years Absolute NNN Lease With Corporate Guarantee
  • “Mini Market” Format Prototype – Featuring DG's Larger Store, 10,640 SF, that will Operate as a DG MARKET to Accommodate Explosive Projected Sales
  • Close Proximity to the National Peanut Festival Association with Over 200,000 Annual Visitors & 5 Miles from the AL/FL Stateline

Executive Summary

The ESS Group is pleased to exclusively market for sale a single tenant net leased NNN Dollar General investment in Cottonwood, Alabama. 15 years lease with rent commencement in August 2024. Dollar General PLUS that has been upgraded to a DG Market to account for strong projected sales. 5% rental increases every 5 years, including in years 6 and 11 of the base term.
CONTACT US TO INQUIRE ABOUT OUR OFF MARKET INVESTMENTS & ATTRACTIVE LOAN OPTIONS

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
C
Year Built
2024
Price
$1,831,678
Price Per SF
$172
Cap Rate
6.75%
NOI
$123,638
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
9.21 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-01-11-4-000-021-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,160
  • Listing ID: 32784464

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 11893 Cottonwood Rd rd, Cottonwood, AL 36320

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