2070 Shannon Oxmoor Rd Bessemer, AL 35022
- Lifestyle centers
- 10,566 SF
- 1.29 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2070 Shannon Oxmoor Rd
- Year built
- 2024
- Lot size
- 1.29 lot acres
- Property size
- 10,566 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, freestanding Dollar General store in Bessemer, Alabama. Located at 2070 Shannon Oxmoor Rd, 35022, this Class A property boasts 10,566 square feet on a 1.29-acre lot and features 42 parking spaces. The building, constructed in 2024, is a single-story structure operating under a 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease includes five, five-year renewal options, with a 5% rent increase every five years. The current annual net operating income (NOI) is $162,828, representing a 6.50% capitalization rate and a price per square foot of $237.09. The asking price for this 100% occupied property is $2,505,046. This investment offers exceptional stability and growth potential, situated in a prime location within the Birmingham MSA, just south of the Oxmoor Valley Golf Course. The property's strong tenant, lease terms, and location make it an attractive addition to any portfolio. The property is currently fully occupied.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bessemer
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.8781
- Latitude
- 33.4062
