DOLLAR GENERAL | 2610 Highway 77
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DOLLAR GENERAL 2610 Highway 77
10,566 SF Retail Building Southside, AL 35907 $1,387,000 ($131/SF) 7% Cap Rate
Investment Highlights
- According to Placer.ai, this Dollar General location is ranked in the top 98th percentile nationwide and top 97th percentile in Alabama.
- Attractive long-term lease of approximately ±10 years with a stabilized investment-grade credit tenant, offering both security and strong investment p
- Dollar General boasts an investment-grade credit rating of BBB (S&P) and has a market cap of ±$20 billion, providing security behind the lease guarant
- The property is positioned along the prime corridor of Highway 77, boasting a traffic count of ±15,780 vehicles per day.
- Absolute NNN lease structure provides zero management responsibility, offering an investor with long-term passive income.
- Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future.
Executive Summary
Broker of Record
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
B
Year Built
2019
Price
$1,387,000
Price Per SF
$131
Cap Rate
7%
NOI
$97,090
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
11.16 AC
Parking
34 Spaces (3.22 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 4
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DOLLAR GENERAL | 2610 Highway 77
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