Family Dollar NNN
For Sale
$1,231,621
771 Main Street, Ragland, AL 35131
Newly constructed retail asset with a corporate guarantee and contractual rent increases during option periods.
Property Size10,500 SF
Days on Market68
Property Features for 771 Main Street
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Single Tenant Net Lease
Net Operating Income
$113,925
Building Details
Building Size
10,500 SF
Listing Agency:
Passov Real Estate Group
(614) 949-3460
Listed By:
Alex Van Krevel · License #SAL2023005727
Source:
Passovgroup
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 8:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Passov Real Estate Group
Investment Insights
Based on property information with market context.
This Family Dollar retail property was completed in 2023 and is subject to an NNN lease structure. The lease has 7.7 years remaining and includes a true corporate guarantee from Family Dollar Stores Inc., which carries an S&P BBB credit rating.
Contractual increases of 5% occur every 5 years during the option periods. The asset combines a nationally recognized discount-retail occupant with a long-term lease framework and newly constructed improvements.
Contractual increases of 5% occur every 5 years during the option periods. The asset combines a nationally recognized discount-retail occupant with a long-term lease framework and newly constructed improvements.
Key Highlights
- 2023 construction
- 7.7 years remaining on the NNN lease
- True corporate guarantee from Family Dollar Stores Inc.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,776 visits/mo
0.1 miles
Dollar Tree
Shops & Services
2,308 visits/mo
0.1 miles
Demographics for 35131, AL
4,119
Population
1,705
Households
2.4
Avg Household Size
41
Median Age
11%
College-Educated
82%
High-School Grad
70.8 sq mi
ZIP Area
58
Density / Sq Mi
$42,344
Median Household Income
$32,625
Median Earnings
$726
Median Rent
$96,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed retail asset with a corporate guarantee and contractual rent increases during option periods.
Where is this nnn property located?
The property is located at 771 Main Street Ragland, AL.
What is the asking price?
The asking price for this property is $1,231,621.
What are key features of this property?
This property features: 2023 construction; 7.7 years remaining on the NNN lease; True corporate guarantee from Family Dollar Stores Inc.
