72 Tbd Hwy Stevenson, AL 35722
- Specialty properties
- 12,480 SF
- 4.97 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 72 Tbd Hwy
- Year built
- 2024
- Lot size
- 4.97 lot acres
- Property size
- 12,480 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stevenson
- County
- Jackson
- State
- Alabama
- Longitude
- -85.8344
- Latitude
- 34.8362