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Dollar General-Early Est Renewal-Low Rent PSF 22108 Alabama Highway 9

8,880 SF Retail Building Goodwater, AL 35072 £375,576 (£42/SF) 8% Net Initial Yield

Executive Summary

*Single Tenant Freestanding Dollar General
*Recent 5-year Early Extension, showing Strong Commitment to the Site and Tenant’s 3rd Time Extending at this Site
*Extremely low rent per square foot at $4.26 psf increasing the likelihood of renewal
*Three (3) – Five (5) Year Option Periods with Rental Increases in each option period
*19 Years of Operating History at this location
*Limited Competition in Immediate Surrounding Market Should Equate to Strong Store Sales Performance
*Average Household Income exceeds $60,459 Within a 5- Mile Radius of Site
Population Over 15,362+ Within 10 Miles
Conveniently located 48 miles north of Montgomery, AL

Attachments

DG - Goodwater AL - Flyer

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,880 SF
Building Class
B
Year Built
2005
Price
£375,576
Price Per SF
£42
Net Initial Yield
8%
NOI
£30,046
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
OT
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PROPERTY TAXES

Parcel Number 01-05-22-2-001-006.0000 Improvements Assessment £69,622
Land Assessment £1,925 Total Assessment £71,547

PROPERTY TAXES

Parcel Number
01-05-22-2-001-006.0000
Land Assessment
£1,925
Improvements Assessment
£69,622
Total Assessment
£71,547
(404) 475-9000

Contact

  • Listing ID: 31752585

  • Date on Market: 09/05/2024

  • Last Updated:

  • Address: 22108 Alabama Highway 9, Goodwater, AL 35072

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© 2024 CoStar Group

Dollar General-Early Est Renewal-Low Rent PSF | 22108 Alabama Highway 9
(404) 475-9000 x

Dollar General-Early Est Renewal-Low Rent PSF | 22108 Alabama Highway 9

Bill Weitzenkorn

(404) 475-9000

(404) 475-9000

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