3949 Al-9 Cedar Bluff, AL 35959
- Retail properties
- 10,500 SF
Current Use by Public Records
- Retail properties
Property Details for 3949 Al-9
- Year built
- 2022
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,500-square-foot retail property in Cedar Bluff, Alabama, housing a Family Dollar and Dollar Tree. The property boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $112,665. Built in 2022, the property is situated at 3949 AL-9, 35959, and benefits from a 100% occupancy rate under a Net Lease (NNN) agreement. The lease, commenced December 1, 2022, features a remaining term of 8.2 years, extending to January 31, 2033, with favorable 5-year lease options including 5% rent bumps. The tenant, Dollar Tree, Inc., provides a corporate guarantee, ensuring financial stability. The property's strategic location offers convenient access, with proximity to The Cove at Riverside Campground and Cedar Bluff High School. The asking price is $1,408,200, translating to $134.11 per square foot. This represents a compelling investment with a secure, long-term lease and significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Bluff
- County
- Cherokee
- State
- Alabama
- Longitude
- -85.5994
- Latitude
- 34.2202
