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    5370 Hazelwood Rd Adamsville, AL 35005

    For Sale
    $2,050,000

    High-yield, NNN-leased Dollar General

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Dollar General store in Adamsville, Alabama. Located at 5370 Hazelwood Road, this Class A property boasts 10,640 square feet on a 1.43-acre lot and is situated approximately 10 minutes from Interstate 65 and 20 minutes from Birmingham. The property features a 15-year absolute NNN lease, commencing May 31, 2024, and expiring May 31, 2039, with five, five-year renewal options. Rent increases by 5% every five years throughout the primary term and each option period. The tenant, Dollar General, is investment-grade, offering a corporate guarantee and a strong credit rating. The property's current net operating income (NOI) is $135,300, resulting in a 6.60% cap rate and a price per square foot of $192.67. The asking price is $2,050,000. This is a 100% occupied, one-story building constructed in 2024, offering a secure and lucrative investment prospect with significant long-term potential. The property is located in Jefferson County, Alabama, zip code 35005.

    Property Features for 5370 Hazelwood Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,640 SF
    Class
    A
    Lot Size
    62,291 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • NNN single‑tenant investment opportunity.
    • 15‑year lease with five 5‑year options.
    • 5% rent increases every five years.
    • Corporate guarantee by Dollar General Corporation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Wholesale Shop Department Store Food Market Grocery Store Convenience Store Pawn Shop Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Adamsville
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.975619
    Latitude
    33.598442

    FAQs

    What type of property is this?
    Lifestyle center - High-yield, NNN-leased Dollar General
    Where is this lifestyle center located?
    The property is located at 5370 Hazelwood Rd Adamsville, AL.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: NNN single-tenant investment opportunity.; 15-year lease with five 5-year options.; 5% rent increases every five years.
    Request Owner's contact information
    5370 Hazelwood Rd Adamsville, AL 35005
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    Adamsville, AL 35005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5370 Hazelwood Rd Adamsville, AL 35005
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