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913 1st St SW
Childersburg, AL 35044

Family Dollar · Retail Property For Sale

Investment Highlights

  • Corporate guarantee – the lease is accompanied by a corporate guarantee from Family Dollar Stores, Inc.
  • Extremely attractive 8.50% return on a stabilized investment
  • Ideal 1031 exchange property for an investor seeking a reliable source of passive cash flow

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
10,890 SF
Building Class
C
Year Built
1955
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.71 AC
Parking
45 Spaces (5.73 Spaces per 1,000 SF Leased)
Frontage
192 FT on 1st SW St

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

About 913 1st St SW , Childersburg, AL 35044

LEASE & LOCATION 29-year operating history – Family Dollar has successfully operated at this location since 1981! Brand new 5-year lease – Family Dollar recently signed a brand-new lease at this location proving their commitment to the market and location Healthy rent-to-sales ratio – Family Dollar is operating at a low 6% rent-to-sales ratio which is considered extremely healthy H2 Renovations Slated for 2020 – Family Dollar has committed to making at least $100,000 of improvements to the location All brick construction building – no metal sides Local retail tenants include O’Reilly Auto Parts, AutoZone, CVS, Pizza Hut, Piggly Wiggly, Kangaroo Express, Citgo, Chevron and more! TENANT Recession Proof Concept – Family Investment Grade Credit Tenant (S&P Rating BBB-) Family Dollar was acquired by Dollar Tree in 2015 and is now considered one of the nation’s largest small-box discount retailers Family Dollar & Dollar Tree have more than 15,000 locations nationwide with plans to continue expansion for the foreseeable future

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-04-20-2-010-001.000
Land Assessment
$6,940
Improvements Assessment
$29,220
Total Assessment
$36,160
  • Listing ID: 21088107

  • Date on Market: 9/29/2020

  • Last Updated:

  • Address: 913 1st St SW, Childersburg, AL 35044

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