1102 Brownsboro Rd | Gurley, AL 35748
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1102 Brownsboro Rd
Gurley, AL 35748
Dollar General · Retail Property For Sale
Investment Highlights
- Long-term lease in place, investors can benefit from a stable and predictable income stream, ideal for passive investment
- 5+ Years Remaining of Original 15-Year Lease with five, five-year options which include rental escalators
- The absolute NNN lease structure shifts operating expense responsibilities to the tenant, minimizing landlord obligations
- This Dollar General is the only good and merchandise retailer located in Gurley, Alabama
- Strategically located less than 20 minutes from Huntsville, Alabama-2nd largest city by population
Executive Summary
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire an absolute, triple-net single-tenant Dollar General investment located in Gurley, Alabama. The building was a build-to-suit for Dollar General in 2015 and sits on 2.40 acres near the corner of Brownsboro Road and Hurricane Creek Road, which experiences approximately 7,500 vehicles-per-day. The firm term lease in-place runs through February 2030 with five, five-year renewal options thereafter, each with rental escalators. Dollar General is financially responsible for everything at the subject site including real property taxes, insurance, and all common area maintenance costs (including roof, structure & parking lot). The property also benefits from being located less than 20 minutes from Huntsville, AL, Alabama’s second largest city by population.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2015
Price
£829,686
Price Per SF
£91
Net Initial Yield
7.85%
NOI
£65,130
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
2.40 AC
PROPERTY TAXES
| Parcel Number | 12-05-21-2-000-009.000 | Improvements Assessment | £78,100 |
| Land Assessment | £7,963 | Total Assessment | £86,064 |
PROPERTY TAXES
Parcel Number
12-05-21-2-000-009.000
Land Assessment
£7,963
Improvements Assessment
£78,100
Total Assessment
£86,064
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