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Discount

Dollar General

24854 Mooresville Rd, Athens, AL 35613

Listing Price: $1,307,578

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
11.2
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$10.14

Investment Overview

15-Year Absolute Net Lease, Zero Landlord Responsibility
Five 5-year options with 10% rent Increase during each option
Investment Grade Credit tenant rated “BBB: by S&P / Nation’s Largest Retailer with 19,000+ stores
Average Household Income of $73K within five miles, Population raised by 32% since 2000 / Two miles from connecting I-65
$2.3 Billion invested in Mazda Toyota Manufacturing plant create 4,000 well paying jobs in 20 miles
Unemployment rate in Athens and Limestone County is 1.6%, which is lower than the statewide 2.3% rate
30 mins drive from Huntsville, primary technology hub for both Alabama and the greater Southeast
Athens ranked in the top 20 as one of Alabama’s safest cities of 2023

Athens, Alabama is a city that is well known for its quaint southern charm, accessibility, and highly rated public-school systems attract inhabitants to Athens.
Strategically positioned at the intersection of Highway 72 and Interstate 65 to provide residents quick access to Madison and Huntsville.
Athens, part of a two-county MSA that includes Limestone & Madison counties. As of 2022, Athens had a population of 30,141 which is a 3.17% growth since 2017.
Alabama’s largest employer, Redstone Arsenal, is situated just 25 miles from Athens and employs over 44,000 people.

Investment Highlights

  • Original 15-Year Absolute Net Lease, Zero Landlord Responsibility
  • Five 5-year options with 10% rent Increase during each option
  • Investment Grade Credit tenant rated "BBB: by S&P / Nation's Largest Retailer with 19,000+ stores
  • Average Household Income of $73K within five miles, Population has risen by 32% since 2000 / Two miles from connecting I-65
  • $2.3 Billion invested in Mazda Toyota Manufacturing plant create 4,000 well paying jobs in 20 miles-radius
  • 30 mins drive from Huntsville, primary technology hub for both Alabama and the greater Southeast
  • Athens ranked in the top 20 as one of Alabama's safest cities of 2023
  • Unemployment rate in Athens and Limestone County is 1.6%, which is lower than the statewide 2.3% rate

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Discount

Dollar General

Listing Price: $1,307,578

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
11.2
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$10.14

Investment Highlights

  • Original 15-Year Absolute Net Lease, Zero Landlord Responsibility
  • Five 5-year options with 10% rent Increase during each option
  • Investment Grade Credit tenant rated "BBB: by S&P / Nation's Largest Retailer with 19,000+ stores
  • Average Household Income of $73K within five miles, Population has risen by 32% since 2000 / Two miles from connecting I-65
  • $2.3 Billion invested in Mazda Toyota Manufacturing plant create 4,000 well paying jobs in 20 miles-radius
  • 30 mins drive from Huntsville, primary technology hub for both Alabama and the greater Southeast
  • Athens ranked in the top 20 as one of Alabama's safest cities of 2023
  • Unemployment rate in Athens and Limestone County is 1.6%, which is lower than the statewide 2.3% rate

Investment Overview

15-Year Absolute Net Lease, Zero Landlord Responsibility Five 5-year options with 10% rent Increase during each option Investment Grade Credit tenant rated “BBB: by S&P / Nation’s Largest Retailer with 19,000+ stores Average Household Income of $73K within five miles, Population raised by 32% since 2000 / Two miles from connecting I-65 $2.3 Billion invested in Mazda Toyota Manufacturing plant create 4,000 well paying jobs in 20 miles Unemployment rate in Athens and Limestone County is 1.6%, which is lower than the statewide 2.3% rate 30 mins drive from Huntsville, primary technology hub for both Alabama and the greater Southeast Athens ranked in the top 20 as one of Alabama’s safest cities of 2023 Athens, Alabama is a city that is well known for its quaint southern charm, accessibility, and highly rated public-school systems attract inhabitants to Athens. Strategically positioned at the intersection of Highway 72 and Interstate 65 to provide residents quick access to Madison and Huntsville. Athens, part of a two-county MSA that includes Limestone & Madison counties. As of 2022, Athens had a population of 30,141 which is a 3.17% growth since 2017. Alabama’s largest employer, Redstone Arsenal, is situated just 25 miles from Athens and employs over 44,000 people.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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