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Dollar General 48298 Highway 22

8,000 SF Retail Building Wadley, AL 36276 $370,000 ($46/SF) 7.29% Cap Rate

Retail Buildings Alabama Wadley 48298 Highway 22, Wadley, AL 36276

Executive Summary

Marcus & Millichap is pleased to offer for sale the Dollar General in Wadley, Alabama. This investment opportunity is being offered at a price of $391,000 and a cap rate of 6.90%.
The 8,000 square foot property sits on .65 acres and was built in 2003. In 2018, Dollar General extended their double net lease to August 31, 2027 with two (2) additional five-year options.
This established neighborhood Dollar General has served the community since 2003. The replacement cost to develop a new Dollar General store at this location is more than $2.0 million.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2003
Price
$370,000
Price Per SF
$46
Cap Rate
7.29%
NOI
$26,979
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.63 AC

Amenities

  • Signage
  • Skylights
  • Storage Space
  • Monument Signage
  • Air Conditioning
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PROPERTY TAXES

Parcel Number 19-01-12-3-011-004-0010 Improvements Assessment $84,540
Land Assessment $1,020 Total Assessment $85,560

PROPERTY TAXES

Parcel Number
19-01-12-3-011-004-0010
Land Assessment
$1,020
Improvements Assessment
$84,540
Total Assessment
$85,560
(602) 687-6661

Contacts

  • Listing ID: 33395753

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 48298 Highway 22, Wadley, AL 36276

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Dollar General | 48298 Highway 22
(602) 687-6661 x

Dollar General | 48298 Highway 22

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John Spina

(602) 687-6661

(602) 687-6661

James Chantilas

(602) 687-6825

(602) 687-6825

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