1102 Brownsboro Rd Gurley, AL 35748-9265

Property Details for 1102 Brownsboro Rd

Year built

2015

Lot size

2.40 lot acres

Property size

7,021 SF

Property type

Retail space

APN

12-05-21-2-000-009.000

APU

1205212000009000

Description

This exceptional investment opportunity presents a 9,100 square foot Dollar General convenience store in Gurley, Alabama. Built in 2015 on a 2.4-acre lot at 1102 Brownsboro Rd, this property boasts a strong 7.65% cap rate and a substantial NOI of $82,548. The absolute NNN lease, with a corporate guarantee from Dollar General, provides a stable and predictable income stream. The current lease, commencing February 28, 2015, has a remaining term of 5.3 years, with five, five-year renewal options including rent escalators, extending the lease to February 27, 2030 and beyond. The property benefits from its location near the intersection of Brownsboro Road and Hurricane Creek Road, an area with approximately 7,500 vehicles per day. Furthermore, its proximity to Huntsville, Alabama's second-largest city, enhances its strategic value. The asking price is $1,079,059, translating to $118.58 per square foot. This single-tenant property offers a low-maintenance, high-return investment opportunity with a financially responsible tenant and a long-term lease. The tenant is responsible for all operating expenses, including property taxes, insurance, and common area maintenance. This is a rare opportunity to acquire a well-performing asset in a growing market.