Property summary
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 4.97-acre lot in Stevenson, Alabama. The property boasts a 15-year absolute NNN lease, commencing November 3, 2024, and expiring November 29, 2039, with a substantial remaining term of 15 years. The lease features attractive 5% rent increases every five years, ensuring consistent income growth throughout the primary term and five, 5-year renewal options. The property's strong financial performance is reflected in its 6.80% cap rate and a Net Operating Income (NOI) of $163,272, with an asking price of $2,401,060 ($192.39/sq ft). The tenant, Dollar General Corporation, a Fortune 500 company operating over 20,000 stores, provides a corporate guarantee, minimizing risk. Located at TBD Hwy 72, Stevenson, AL 35722, this single-tenant property benefits from limited retail competition, establishing it as a dominant retailer in the area. Its proximity to the Stevenson-Bridgeport Municipal Airport (9 miles) adds to its strategic location. This is a fee-simple ownership opportunity with 100% occupancy, offering a secure and profitable investment in a rapidly growing market. The building was constructed in 2024.
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