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Dollar General 22679 Al Highway 75

9,014 SF Retail Building Sylvania, AL 35988 £908,703 (£101/SF) 7.75% Net Initial Yield

Investment Highlights

  • Very low $9.89 per square foot rental rate assures the tenant of affordable and sustainable rental payments
  • No local dollar store competition
  • Fifteen years of continual occupancy
  • Tenant extended their first renewal option two years early at the contractual 10% rental increase

Executive Summary

Dollar General exercised their first five (5) year renewal option two years early at the contracted 10% rental increase providing more than five years of remaining lease term.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2009
Price
£908,703
Price Per SF
£101
Net Initial Yield
7.75%
NOI
£70,418
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.03 AC
Zoning
COM
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PROPERTY TAXES

Parcel Number 08-08-33-0-001-001.054 Improvements Assessment £114,062
Land Assessment £6,352 Total Assessment £120,413

PROPERTY TAXES

Parcel Number
08-08-33-0-001-001.054
Land Assessment
£6,352
Improvements Assessment
£114,062
Total Assessment
£120,413
(817) 259-3519

  • Listing ID: 32172287

  • Date on Market: 18/06/2024

  • Last Updated:

  • Address: 22679 Al Highway 75, Sylvania, AL 35988

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© 2024 CoStar Group

Dollar General | 22679 Al Highway 75
(817) 259-3519 x

Dollar General | 22679 Al Highway 75

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Bill Behr

(817) 259-3519

(817) 259-3519

Gavin Behr

(817) 259-3549

(817) 259-3549

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