907 Nashville Ave Atmore, AL 36502
- Retail properties
- 10,640 SF
- 0.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 907 Nashville Ave
- Year built
- 2024
- Lot size
- 0.96 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Atmore, Alabama. Built in 2024, the property boasts a 15.1-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced August 11, 2024, and expires August 31, 2039, leaving a substantial 14.8 years remaining. The property features a 6.75% cap rate and a strong net operating income (NOI) of $137,432. Located on a 0.96-acre lot at 907 W Nashville Ave, Atmore, AL 36502, this single-tenant building benefits from a prime location near Windcreek Casino & Hotel and experiences high traffic volume (6,475 vehicles per day). The property is strategically positioned near other major retailers, including Walmart, Ace Hardware, and more. The lease includes attractive 5% rent bumps every five years, starting in year six, providing consistent growth potential. This fee-simple ownership offers a secure, passive income stream with a long-term, established tenant. The property's size reflects Dollar General's "PLUS" format, designed for increased sales volume. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside.
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
- Atmore
- County
- Escambia
- State
- Alabama
- Longitude
- -87.5051
- Latitude
- 31.0232
