Property summary
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Dollar General store in Birmingham, Alabama. The property boasts a strong 7.35% cap rate and a substantial NOI of $102,504, supported by a credit-rated tenant with an investment-grade rating (S&P: BBB). The 9,026 square foot building, constructed in 2013, sits on a 1.2-acre lot and enjoys 100% occupancy. The current lease, with a remaining term of approximately 3.2 years, includes four, five-year options with a 10% rent increase at the beginning of each option period. This strategically located property benefits from high visibility and proximity to major thoroughfares, including I-20, and is less than a mile from the Birmingham CrossPlex, a significant draw attracting over 550,000 annual visitors. Furthermore, its location near several colleges and high schools, totaling over 4,500 students, ensures a consistent customer base. Dollar General's aggressive expansion plans and the recent struggles of a competitor further enhance the long-term value and stability of this investment. This is a rare opportunity to acquire a passively managed, high-performing asset with a strong tenant and significant growth potential. The property is located at 2007 Ave H, Birmingham, AL 35218.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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