5206 County Rd Russellville, AL 35654
- Retail properties
- 9,020 SF
- 2.46 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5206 County Rd
- Year built
- 2019
- Lot size
- 2.46 lot acres
- Property size
- 9,020 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General convenience store located at 5206 County Rd 48, Russellville, AL 35654. The property boasts a substantial 9,020 square feet on a 2.46-acre lot and was constructed in 2019. Currently operating at 100% occupancy, the property offers a strong net operating income (NOI) of $92,335, translating to a compelling 6.50% cap rate. The asking price is $1,420,540, resulting in a price per square foot of $157.49. The lease is a NNN (triple net) lease, meaning the tenant is responsible for all property expenses, offering zero landlord responsibility. The lease commenced on August 1, 2019, and has a remaining term of 9.8 years, extending to August 31, 2034. The lease includes five (5) five-year renewal options, each with a 10% rent increase. The tenant is backed by a corporate guarantee, providing significant security for the investor. This property is a prime example of a low-maintenance, high-return investment in a stable retail sector, anchored by a nationally recognized brand. The property's location in Russellville, Franklin County, Alabama, offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a secure, long-term, passive income stream.
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
- Russellville
- County
- Franklin
- State
- Alabama
- Longitude
- -87.6315
- Latitude
- 34.5214
