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Dollar General | Bessemer, AL 2070 Shannon Oxmoor Rd

10,566 SF Retail Building Hoover, AL 35022 £1,976,481 (£187/SF) 6.50% Net Initial Yield

Investment Highlights

  • NNN Single Tenant Investment Opportunity
  • 15-Year Leases with Five (5), Five (5) Year Options
  • Corporate Guarantee by Dollar General Corporation
  • Located in Birmingham MSA
  • 5% Rent 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, freestanding Dollar General located in Bessemer, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and an estimated delivery date in October 2024. This property is located on Shannon Oxmoor Road on the east side of Bessemer, just south of the Oxmoor Valley Golf Course. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
B
Year Built
2024
Price
£1,976,481
Price Per SF
£187
Net Initial Yield
6.50%
NOI
£128,471
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.29 AC
Frontage
220 ft on Shannon Oxmoor Road
  • Listing ID: 32694238

  • Date on Market: 05/08/2024

  • Last Updated:

  • Address: 2070 Shannon Oxmoor Rd, Hoover, AL 35022

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