Property profile

72 Tbd Hwy Stevenson, AL 35722

OFF-MARKET
Specialty properties
12,480 SF 4.97 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 2024
Total area 12,480 SF
Lot 4.97 ac (216,493 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

72 Tbd Hwy Stevenson, AL 35722
Stevenson metro
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Value estimations

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Owner & transaction history

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