Listing Agency: MRP Capital Group Show Phone

Listed By: Mac O'Keefe · License #MO 2017032316

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 4:27AM

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Investment Insights

Based on property information with market context.

This offering is a single-tenant Dollar General retail property. The lease runs through 8/31/2024 and includes a rent bump in 2019. The tenant also has five, 5-year renewal options, which can extend the lease through 2049.

The store is located in Fort Mitchell, AL and is described as the main retailer in town, surrounded by a large residential area. The property is within minutes of Lawson Army Airfield, which is home to 5,700 active duty soldiers.

Operational and expense responsibilities are defined in the lease. The tenant reimburses the landlord for taxes and insurance at year-end, and pays a monthly CAM premium that is reconciled at year-end. The tenant maintains and repairs the HVAC at its expense. The landlord is responsible for structure, exterior walls, roof and gutters, parking lot, and landscaping, while the tenant is responsible for glass, windows, doors, and parking lot lighting.

Key Highlights

• Single‑tenant Dollar General in Ft. Mitchell, AL with lease expiring 8/31/2024.
• 5 x 5‑year renewal options extend the lease through 2049.
• Tenant reimburses landlord for taxes and insurance at year‑end.

Property Analytics

Current Use

Dollar General Discount Store Redbox Cinema Western Union Bank FedEx OnSite Postal Service

Suggested Use

Top Pick Building Supply Dental Office Grocery & Convenience Store Storage Facility Real Estate Agency Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

19k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

7,507 visits/mo 0.1 miles

Dollar Tree Shops & Services

6,655 visits/mo 0.1 miles

U-Haul Shops & Services

2,265 visits/mo 0.2 miles

Sunoco Shops & Services

2,088 visits/mo 0.2 miles

Demographics for 36856, AL

7,814

Population

2,942

Households

2.7

Avg Household Size

33

Median Age

20%

College-Educated

87%

High-School Grad

38.7 sq mi

ZIP Area

202

Density / Sq Mi

$68,636

Median Household Income

$51,438

Median Earnings

$1,054

Median Rent

$252,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Single-tenant Dollar General with a lease set to expire on 8/31/2024 and renewal options extending through 2049.

Where is this grocery and convenience store located?

The property is located at 252 Sweetwater Branch Rd Fort Mitchell, AL.

What are key features of this property?

This property features: Single‑tenant Dollar General in Ft. Mitchell, AL with lease expiring 8/31/2024.; 5 x 5‑year renewal options extend the lease through 2049.; Tenant reimburses landlord for taxes and insurance at year‑end.