41125 Us-72 Stevenson, AL 35772

Property Details for 41125 Us-72

Year built

1976

Lot size

1.24 lot acres

Property size

12,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 12,000-square-foot, single-story strip center in Stevenson, Alabama. The property features two units, boasting 100% occupancy with a strong tenant mix. The anchor tenant is Dollar General, a nationally recognized retailer with a long-standing presence (over 23 years) at this location, currently operating under a net lease with a corporate guarantee and a remaining lease term of approximately one year, plus a three-year renewal option. The second tenant, D. Williams Dance Academy, signed a new three-year lease in April 2023, adding diversity and further income potential. The property, built in 1976 and renovated in 2024, sits on a 1.24-acre lot along US-72, a major thoroughfare with high visibility and traffic. The location benefits from proximity to other national retailers, creating a strong retail environment. The property offers a compelling cap rate of 11.25% and a net operating income (NOI) of $67,488. The asking price is $600,000, translating to a price per square foot of $50. This fee-simple ownership opportunity is ideal for 1031 exchange buyers seeking a stable, high-performing investment with a credit-rated, essential business tenant. The property's strong performance throughout the COVID-19 pandemic underscores its resilience and long-term viability. The surrounding area demonstrates strong demographics, with household incomes exceeding $49,000 within a three-mile radius and a population density of over 12,000 within ten miles.

Location Insight

City

Stevenson

County

Jackson

State

Alabama

Longitude

-85.827

Latitude

34.8476