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Family Dollar 771 Main St

10,500 SF Retail Building Ragland, AL 35131 $1,302,000 ($124/SF) 8.75% Cap Rate

Investment Highlights

  • 9.2 Years Remaining
  • NNN Lease Structure, 5% Increases Every 5 Years in Options
  • Brand New 2023 Construction3949 Alabama Hwy 9, Cedar Bluff, AL
  • Brand New 2023 Construction
  • True Corporate Guarantee from Family Dollar Stores, Inc (S&P BBB Credit)
  • Close proximity to Birmingham

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
10,500 SF
Building Class
B
Year Built
2023
Price
$1,302,000
Price Per SF
$124
Cap Rate
8.75%
NOI
$113,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.99 AC
Frontage
132 FT on Main Street

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • Mar 2033

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - Mar 2033

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-03-07-0-007-022.000
  • 19-03-07-0-007-023.000
Land Assessment
$7,800
Improvements Assessment
$152,530
Total Assessment
$160,330
  • Listing ID: 31268161

  • Date on Market: 3/19/2024

  • Last Updated:

  • Address: 771 Main St, Ragland, AL 35131

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