515 Eastern Valley Rd Bessemer, AL 35020
- Retail properties
- 9,026 SF
- 2.27 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
Property Details for 515 Eastern Valley Rd
- Year built
- 2023
- Lot size
- 2.27 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, single-tenant, freestanding Dollar General store located at 515 Eastern Valley Rd, Bessemer, AL 35020, within the Birmingham MSA. The property boasts 9,026 square feet on a 2.27-acre lot and was constructed in 2023. It features a 15.1-year absolute NNN lease, commencing May 5, 2023, and expiring May 31, 2038, with a substantial remaining lease term of 13.5 years. The lease includes five, five-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $102,146, resulting in a 7.00% capitalization rate. The asking price is $1,459,233, translating to $154.68 per square foot. The property benefits from a corporate guarantee by Dollar General, providing significant investment security. This Class A retail property is situated in a prime location within the rapidly growing Bessemer market, offering exceptional long-term value and strong cash flow potential. The property's location on Eastern Valley Road provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-quality, net-leased investment property anchored by a creditworthy national tenant. The property is 100% occupied.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bessemer
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.9642
- Latitude
- 33.3689
