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Dollar General 10090 Highway 188

9,002 SF Retail Building Grand Bay, AL 36541 £1,089,427 (£121/SF) 6.70% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease/Zero Landlord Responsibilities
  • Population Exceeds 54,000 Residents within a 10 Mile Radius
  • Average Annual HH Income exceeds $55K within a 5 Mile Radius

Executive Summary

Exclusive Realty is pleased to present this 9,002-square-foot Dollar General store located in Grand Bay, Alabama. The property has an Absolute NNN Lease with zero landlord responsibilities. The Dollar General lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and this is classified as investment grade. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and proven profitability of the tenant.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,002 SF
Building Class
B
Year Built
1957
Price
£1,089,427
Price Per SF
£121
Net Initial Yield
6.70%
NOI
£72,987
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
1.22 AC
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PROPERTY TAXES

Parcel Number 44-02-09-0-000-055 Improvements Assessment £180,386
Land Assessment £11,377 Total Assessment £191,763

PROPERTY TAXES

Parcel Number
44-02-09-0-000-055
Land Assessment
£11,377
Improvements Assessment
£180,386
Total Assessment
£191,763
(248) 833-6601

Contact

  • Listing ID: 28100764

  • Date on Market: 30/03/2023

  • Last Updated:

  • Address: 10090 Highway 188, Grand Bay, AL 36541

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© 2024 CoStar Group

Dollar General | 10090 Highway 188
(248) 833-6601 x

Dollar General | 10090 Highway 188

Steve Sagmani

(248) 833-6601

(248) 833-6601

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