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Discount

Dollar General

20593 Oakdale Dr, Robertsdale, AL 36567

Listing Price: $1,477,015

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
11.1
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.36

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 $71K within five miles, Population raised by 63% since 2000 / Less than a mile from connecting Interstate 10
$2.5 Billion invested by Novelis?Inc., world leader in aluminum rolling and recycling expected to create up to 1,000 new jobs in 30 miles
Robertsdale is conveniently located near major highways, including Interstate 10 and U.S. Highway 90
Baldwin County, 7th fastest- growing Metropolitan Area in the United States
Half a day drive to major markets such as Atlanta, Houston, Dallas, Memphis and many more

Ranks among Alabama's top 5 Counties for business growth, GDP growth, new building permits and business investment.
142% growth in Baldwin County’s Transportation and Warehousing sector total wages since 2010
In 2020, Baldwin County became the 4th largest county in Alabama
96% of Baldwin County’s population growth is a result of incoming migration
County has a larger percentage of residents with college degrees than the US average.
Home to Segers Aero Corporation and Collins Aerospace, the county’s largest industrial employer

Investment Highlights

  • Original 15-Year Absolute Net Lease, Zero Landlord Responsibility
  • Five 5-year options with 10% rent increase during each option
  • Average Household Income of $71K within five miles, Population has risen by 63% since 2000 / Less than a mile from connecting Interstate 10
  • $2.5 Billion invested by Novelis?Inc., world leader in aluminum rolling and recycling expected to create up to 1,000 new jobs in 30 miles
  • Robertsdale is conveniently located near major highways, including Interstate 10 and U.S. Highway 90
  • Baldwin County, 7th fastest- growing Metropolitan Area in the United States
  • Half a day drive to major markets such as Atlanta, Houston, Dallas, Memphis and many more

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Discount

Dollar General

Listing Price: $1,477,015

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
11.1
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.36

Investment Highlights

  • Original 15-Year Absolute Net Lease, Zero Landlord Responsibility
  • Five 5-year options with 10% rent increase during each option
  • Average Household Income of $71K within five miles, Population has risen by 63% since 2000 / Less than a mile from connecting Interstate 10
  • $2.5 Billion invested by Novelis?Inc., world leader in aluminum rolling and recycling expected to create up to 1,000 new jobs in 30 miles
  • Robertsdale is conveniently located near major highways, including Interstate 10 and U.S. Highway 90
  • Baldwin County, 7th fastest- growing Metropolitan Area in the United States
  • Half a day drive to major markets such as Atlanta, Houston, Dallas, Memphis and many more

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 $71K within five miles, Population raised by 63% since 2000 / Less than a mile from connecting Interstate 10 $2.5 Billion invested by Novelis?Inc., world leader in aluminum rolling and recycling expected to create up to 1,000 new jobs in 30 miles Robertsdale is conveniently located near major highways, including Interstate 10 and U.S. Highway 90 Baldwin County, 7th fastest- growing Metropolitan Area in the United States Half a day drive to major markets such as Atlanta, Houston, Dallas, Memphis and many more Ranks among Alabama's top 5 Counties for business growth, GDP growth, new building permits and business investment. 142% growth in Baldwin County’s Transportation and Warehousing sector total wages since 2010 In 2020, Baldwin County became the 4th largest county in Alabama 96% of Baldwin County’s population growth is a result of incoming migration County has a larger percentage of residents with college degrees than the US average. Home to Segers Aero Corporation and Collins Aerospace, the county’s largest industrial employer

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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