913 1st SW St Childersburg, AL 35044-1637

This exceptional investment opportunity presents a 10,890 square foot Family Dollar store located at 913 1st St SW, Childersburg, AL 35044. The property boasts a prime hard corner location with 17 on-site parking spaces and two separate entry points, ensuring convenient access for customers. Its strategic location off US Highway 280 provides easy access to major transportation routes. The property features a Net Lease (NN) structure with a credit-rated, corporate-guaranteed tenant, offering significant security. The current lease, commencing November 21, 2005, expires January 31, 2027, with a remaining term of approximately 2.5 years and two five-year renewal options, each including a 10% rent increase. The asking price is $526,315, representing a 9.50% cap rate on a current Net Operating Income (NOI) of $50,000. The building, constructed in 1955, enjoys 100% occupancy. This Family Dollar, part of the Dollar Tree family (a major discount retailer with an investment-grade credit rating of BBB-), is situated just 36 miles southeast of Birmingham, benefiting from proximity to a major urban center while maintaining a more accessible suburban location. The property's strong tenant, lease terms, and location combine to create a compelling investment opportunity with significant potential for long-term growth. Specific rent bump details are available upon request.