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Dollar General | Upgraded Construction

12552 Springsteen Ln, Foley, AL 36535

Listing Price: $2,323,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
13.1
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$258.05
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.90

Investment Overview

DOLLAR GENERAL • PUBLICLY TRADED COMPANY ON NYSE • INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POORS • 18,000+ LOCATIONS IN 46 STATES • $33.7 BILLION NET SALES FY 2020 • $21.6% SALES INCREASE FROM 2019

Investment Highlights

  • RARE UPGRADED CONSTRUCTION
  • ADJACENT TO NEW ALABAMA GULF COAST MUSIC HALL | 800+/- PERSON THEATRE
  • LONG-TERM LEASE | 13+ YEARS REMAINING
  • TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
  • 28,000+ 5-MILE POPULATION | OVER 20% GROWTH SINCE 2010
  • 12,000+ VPD ON HIGHWAY 98

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Discount

Dollar General | Upgraded Construction

Listing Price: $2,323,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
13.1
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$258.05
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.90

Investment Highlights

  • RARE UPGRADED CONSTRUCTION
  • ADJACENT TO NEW ALABAMA GULF COAST MUSIC HALL | 800+/- PERSON THEATRE
  • LONG-TERM LEASE | 13+ YEARS REMAINING
  • TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
  • 28,000+ 5-MILE POPULATION | OVER 20% GROWTH SINCE 2010
  • 12,000+ VPD ON HIGHWAY 98

Investment Overview

DOLLAR GENERAL • PUBLICLY TRADED COMPANY ON NYSE • INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POORS • 18,000+ LOCATIONS IN 46 STATES • $33.7 BILLION NET SALES FY 2020 • $21.6% SALES INCREASE FROM 2019

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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