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7248 Hustleville Rd

10,640 SF Retail Building Albertville, AL 35951 £1,111,698 (£104/SF) 6.50% Net Initial Yield

Investment Highlights

  • NNN 15 year initial term lease with 5 - 5 year options
  • 10% rent increase at each option period
  • 6.5% CAP

Executive Summary

This store in Albertville, AL opened Nov 20, 2022 with a 15 year initial term lease with 5 - 5 year options. There is a 10% rent increase at each option period. The monthly rental income is $7,632.06 with a yearly rental income of $91,584.72 The offering CAP is 6.5% and the Sales Price is $1,408,996. Albertville is located in northeastern part of Alabama in Marshall County. There are around 22,000 people that live in Albertville.
Dollar General store # 24230
7248 Hustleville Road
Albertville, AL 35951

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
10,640 SF
Building Class
B
Year Built
2022
Price
£1,111,698
Price Per SF
£104
Net Initial Yield
6.50%
NOI
£72,260
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.50 AC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 160308-0-000-001000
  • 16-02-09-0-000-007.001
 Improvements Assessment £170,500
Land Assessment £2,133 Total Assessment £172,633

PROPERTY TAXES

Parcel Numbers
Multiple
  • 160308-0-000-001000
  • 16-02-09-0-000-007.001
Land Assessment
£2,133
Improvements Assessment
£170,500
Total Assessment
£172,633
(256) 520-5000

  • Listing ID: 33661954

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: 7248 Hustleville Rd, Albertville, AL 35951

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7248 Hustleville Rd, Albertville, AL for sale Building Photo- Image 1 of 2
Dollar General

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7248 Hustleville Rd
(256) 520-5000 x

7248 Hustleville Rd

Jonathan Broadway

(256) 520-5000

(256) 520-5000

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