dollar general -...
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More Information OnlineMore Information Onlinehttp://poundersandassociates.catylist.com/listing/30211499
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Listing ID: 30211499Status: ActiveProperty Type: Retail-Commercial For SaleRetail-Commercial Type: Free-Standing BuildingSize: 10,640 SFSale Price: $1,868,048Unit Price: $175.57 PSFSale Terms: Cash to Seller
Overview/CommentsOverview/CommentsPounders & Associates, Inc. is pleased to offer the opportunity to acquirethe Dollar General store located at 15 Robinson Street in Priceville,Alabama. This absolute NNN lease has no landlord responsibilities and five5-year renewal options with ten percent rent increases every five years. Thecurrent base rent is $10,507.77 per month and the net annual operatingincome is $126,093.24. The lease is guaranteed by Dollar GeneralCorporation which has a “BBB” Standard & Poor's rating and is classifiedas Investment Grade.
The subject property is conveniently located along Highway 67 in Priceville(16,140 VPD), near Interstate 65 at exit 334 (36,870 VPD).
INVESTMENT HIGHLIGHTS
•10,640 SF Dollar General store on 1.54 acres
•Absolute NNN lease with no landlord responsibilities
•Five 5-year options with 10% rent increases at each option
•Corporate guarantee - “BBB” S&P Rating
General InformationGeneral InformationTaxing Authority: Morgan CountyTax ID/APN: 12-06-13-0-200-007.001Retail-Commercial Type: Free-Standing BuildingProperty Use Type: Net Leased Investment (NNN)
Building/Unit Size (RSF): 10,640 SFLand Area: 1.54 AcresSale Terms: Cash to SellerCap Rate: 6.75%
Building RelatedBuilding RelatedTenancy: Single TenantTotal Number of Buildings: 1Number of Stories: 1Typical SF / Floor: 10,640 SFProperty Condition: ExcellentYear Built: 2014
Roof Type: FlatConstruction/Siding: Brick, Steel FrameTotal Parking Spaces: 57Parking Ratio: 187 (per 1000 SF)Parking Type: Surface
Tenant ProfileTenant ProfileTenant Business Name: Dollar GeneralWebsite URL: www.dollargeneral.comIndustry Type: Retail TradeAnnual Revenue: $21,986,598 (Annual)
Employees Total: 121,000Year Founded: 1939Current Rent: $11.85 PSF (Annual)Lease Expiration: 11/2029
Tenant Notes Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern UnitedStates. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storagebags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour;perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated
Dollar GeneralDollar General15 Robinson Street, Priceville, AL 35603
Prepared by Gregg Pounders, CCIM, Pounders and Associates, Inc.Feb 19, 2018 on Catylist
256-766-0998 [O] [email protected] Estate License: 015716
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beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products,which include pet supplies and pet food; and tobacco products. It also provides seasonal products, including decorations, toys, batteries, small electronics, greeting cards,stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting ofkitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition,the company offers apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. The companyoperates more than 14,000 stores located in 44 states. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.
LocationLocationAddress: 15 Robinson Street, Priceville, AL 35603County: MorganMSA: Decatur
Property ImagesProperty Images
Prepared by Gregg Pounders, CCIM, Pounders and Associates, Inc.Feb 19, 2018 on Catylist
256-766-0998 [O] [email protected] Estate License: 015716
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Property ContactsProperty Contacts
Gregg Pounders, CCIMGregg Pounders, CCIMPounders and Associates, Inc.
256-766-0998 [O]
Prepared by Gregg Pounders, CCIM, Pounders and Associates, Inc.Feb 19, 2018 on Catylist
256-766-0998 [O] [email protected] Estate License: 015716
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