7519 Theodore Dawes Rd Theodore, AL 36582-9475

This single-tenant, 9,016 square foot Dollar General storefront in Theodore, Alabama, presents a compelling investment opportunity. The property boasts a strong 8.08% cap rate and a substantial net operating income (NOI) of $59,400. Currently operating under a Net Lease (NN+) agreement with a corporate guarantee, the lease features three 5-year renewal options, extending the lease term to 2025. The property sits on a 0.95-acre lot with 30 parking spaces and enjoys excellent visibility due to its 127-foot frontage. Built in 2005, the single-story building is situated in an un-zoned county area and benefits from high daily traffic counts of 17,600 vehicles. The tenant, Dollar General, has consistently maintained the property, recently upgrading refrigerated coolers and outdoor lighting in 2023. The asking price is $735,000, translating to $81.52 per square foot. The land value alone is $2.25 per square foot. This property offers a secure, long-term investment with a proven track record and significant upside potential. The lease commenced September 28, 2005, and expires August 31, 2025, leaving approximately 0.8 years remaining on the current term. The property is held in trust.