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DG Market | Lincoln, AL 1220 Patton Chapel rd

10,566 SF Retail Building Lincoln, AL 35096 £1,847,187 (£175/SF) 6.60% Net Initial Yield

Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 15-Year Lease with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • Upgraded Hardy Plank Exterior
  • 5% Increases Every 5 Years During the Initial Term and Each Option

Executive Summary

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Lincoln, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years and a rent commencement date of August 29, 2024. The property is located on Patton Chapel Rd just east of the Coosa River and west of Oxford-Anniston, AL, approximately 6 miles from Talladega Superspeedway. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Year Built
2024
Price
£1,847,187
Price Per SF
£175
Net Initial Yield
6.60%
NOI
£121,914
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
2.01 AC
  • Listing ID: 32187475

  • Date on Market: 19/06/2024

  • Last Updated:

  • Address: 1220 Patton Chapel rd, Lincoln, AL 35096

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