3051 Montgomery Hwy Dothan, AL 36303

This Wells Fargo ground lease property in Dothan, Alabama, is available for purchase. The property is under a long-term corporate-guaranteed absolute NNN ground lease to Wells Fargo, the fourth-largest bank in the United States by total assets. The lease has 14 years remaining. The property features 10% rental increases every five years in the initial term and three option periods of five years each. The tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot. The 3,951-SF building sits on a 1.10-acre parcel and features a drive-thru. The property is visible and accessible along Montgomery Highway (37,000+ AADT) and serves as an outparcel to a Publix, The Home Depot, and Hobby Lobby anchored multi-tenant shopping center. The site is surrounded by a mix of local and national retailers and is within walking distance from Wiregrass Commons Mall (approximately 70 stores, 638,000-SF of retail). Dothan benefits from a populous and affluent demographic base with 65,320 residents within five miles and high average annual household income of $89,203 within one mile. The market is poised for steady growth with projected population and income increases over the next five years.