44399 Al-21 Munford, AL 36268
- Retail properties
- 8,000 SF
- 1.19 lot acres
Current Use by Public Records
- Retail properties
Property Details for 44399 Al-21
- Year built
- 2002
- Lot size
- 1.19 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity features a Dollar General store in Munford, Alabama. The 8,000 square foot building sits on a 1.19-acre lot and boasts a strong 8% cap rate, with a Net Lease structure minimizing landlord responsibilities. The property has enjoyed 100% occupancy since March 1, 2002, demonstrating the tenant's long-term commitment. The lease, backed by a corporate guarantee, has a remaining term of approximately one year, plus one five-year option with 10% rent bumps in each option. The asking price is $487,500, translating to $60.94 per square foot. Strategically located on AL-21, this property benefits from high traffic counts and proximity to Munford High School and other national retailers, making it an ideal addition to any portfolio. Built in 2002, the property offers a stable income stream in a growing area, approximately 15 minutes from the Talladega Superspeedway. The property's NOI is $39,000. This is a rare opportunity for investors seeking a secure, high-performing retail asset with a proven track record.
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
- Munford
- County
- Talladega
- State
- Alabama
- Longitude
- -85.9405
- Latitude
- 33.5323
