299 Old Fort Rd Fort Deposit, AL 36032
- Retail properties
- 10,500 SF
- 1.00 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 299 Old Fort Rd
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,500-square-foot Family Dollar/Dollar Tree hybrid store in Fort Deposit, Alabama. Located at 299 Old Fort Rd W, 36032, this fee-simple property boasts a new construction (2024) and a strong 10-year net-net lease commencing May 29, 2024, and expiring May 30, 2034, leaving minimal landlord responsibilities. The lease includes three, five-year options with $.50/PSF rent bumps. The tenant, Dollar Tree Corporation, provides a corporate guarantee and holds an investment-grade credit rating of BBB. The property sits on one acre and enjoys 100% occupancy, generating a net operating income (NOI) of $130,725, resulting in a 7.75% cap rate and a price per square foot of $160.65. The asking price is $1,686,774. This strategically positioned store benefits from strong demographics, with a ten-mile population of 4,869 and an average household income of $59,763. This represents a rare opportunity to acquire a highly profitable, low-maintenance retail investment anchored by a nationally recognized, financially stable tenant. The property's visibility and location contribute to its exceptional investment potential. This is a single-tenant property with a proven track record of success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Deposit
- County
- Lowndes
- State
- Alabama
- Longitude
- -86.5819
- Latitude
- 31.9862
