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Dollar General-Wadley Alabama | 48298 Highway 22
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Dollar General-Wadley Alabama 48298 Highway 22
8,000 SF Retail Building Wadley, AL 36276 £268,809 (£34/SF) 7.98% Net Initial Yield
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EXECUTIVE SUMMARY
NEW PRICE
Marcus & Millichap is pleased to offer for sale the Dollar General in Wadley, Alabama. This investment opportunity is being offered at a price of $338'0000 and a cap rate of 7.98%.
The 8,000 square foot property sits on .65 acres and was built in 2003. In 2018, Dollar General extended their double net lease to August 31, 2027 with two (2) additional five-year options.
This established neighborhood Dollar General has served the community since 2003. The replacement cost to develop a new Dollar General store at this location is more than $2.0 million.
Marcus & Millichap is pleased to offer for sale the Dollar General in Wadley, Alabama. This investment opportunity is being offered at a price of $338'0000 and a cap rate of 7.98%.
The 8,000 square foot property sits on .65 acres and was built in 2003. In 2018, Dollar General extended their double net lease to August 31, 2027 with two (2) additional five-year options.
This established neighborhood Dollar General has served the community since 2003. The replacement cost to develop a new Dollar General store at this location is more than $2.0 million.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2003
Price
£268,809
Price Per SF
£34
Net Initial Yield
7.98%
NOI
£21,456
Tenancy
Single
Number of Floors
1
Building FAR
0.29
Lot Size
0.63 AC
AMENITIES
- Signage
- Skylights
- Storage Space
- Monument Signage
- Air Conditioning
PROPERTY TAXES
Parcel Number | 19-01-12-3-011-004-0010 | Improvements Assessment | £70,638 |
Land Assessment | £1,177 | Total Assessment | £71,815 |
PROPERTY TAXES
Parcel Number
19-01-12-3-011-004-0010
Land Assessment
£1,177
Improvements Assessment
£70,638
Total Assessment
£71,815
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Dollar General-Wadley Alabama | 48298 Highway 22
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