Dollar General - Bear Creek, AL

8525 Al-13 Bear Creek , AL 35543

Dollar General - Bear Creek, AL - retail for sale

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Overview



Recently constructed Dollar General store for sale, with high visibility frontage along State Route 13, the main thoroughfare through Bear Creek. Immediately adjacent to Phillips High School, a major traffic driver. Dollar General is the nation’s leading discount retailer with over 15,000 stores and growing, boasting an investment-grade credit rating from all major ratings agencies. Great opportunity to acquire a management-free asset with a long-term lease by an investment grade tenant at an attractive yield.

Investment highlights


  • Fee simple interest
  • Property features an absolute NNN lease with over 12 years of contractual term remaining
  • Five 5-year renewal options with 10% rental increases
  • Zero landlord responsibilities
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 8525 Al-13, Bear Creek, AL 35543
Land in acres 1
Building size 9,100  ft2
Year built 2016
Financial
Price $1,018,800
Cap rate 7.00%
Current NOI $71,321.00
Lease

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