Current Use by Public Records
- Dollar General / Discount Store
Property Details for 5370 Hazelwood Rd
- Year built
- 2024
- Lot size
- 1.43 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Dollar General store in Adamsville, Alabama. Located at 5370 Hazelwood Road, this Class A property boasts 10,640 square feet on a 1.43-acre lot and is situated approximately 10 minutes from Interstate 65 and 20 minutes from Birmingham. The property features a 15-year absolute NNN lease, commencing May 31, 2024, and expiring May 31, 2039, with five, five-year renewal options. Rent increases by 5% every five years throughout the primary term and each option period. The tenant, Dollar General, is investment-grade, offering a corporate guarantee and a strong credit rating. The property's current net operating income (NOI) is $135,300, resulting in a 6.60% cap rate and a price per square foot of $192.67. The asking price is $2,050,000. This is a 100% occupied, one-story building constructed in 2024, offering a secure and lucrative investment prospect with significant long-term potential. The property is located in Jefferson County, Alabama, zip code 35005.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Adamsville
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.9756
- Latitude
- 33.5984
