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Discount

Dollar General

30 Co Rd 4, Wedowee, AL 36278

Listing Price: $1,250,786

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
11.1
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Absolute Net
Rent Per Square Feet
$10.07

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
Located along Hwy 431, primary highway artery for eastern Alabama connecting Panama City, Florida to Dothan, Alabama to Columbus, Georgia and Nashville
Wedowee, located northwest 34 mi (55 km) to Oxford and southeast 13 mi (21 km) to Roanoke
Oxford is one of two principal cities of the Anniston-Oxford MSA
Anniston-Oxford MSA is the second most populated metro area in northeast Alabama with a population of over 115K
Major economic drivers are within an hour drive from the site

Randolph County situated in the heart of east-central Alabama in between Atlanta and Birmingham, which provides its residents with several economic and entrepreneurial opportunities.
Lake Wedowee is located directly east of Birmingham, Alabama on the upper Tallapoosa River and is considered one of the cleanest lakes in Alabama. Offers many recreational attractions such as: boating, kayaking, swimming, fishing and camping. It is known to be one of the finest lakes in the Southeast because the quality of the water and its sizeable bass population.

Investment Highlights

  • 15-Year Absolute Net Lease, Zero Landlord Responsibility
  • Five 5-year options with 10% rent increase during each option
  • Located along Hwy 431, primary highway artery for eastern Alabama connecting Panama City, Florida to Dothan, Alabama to Columbus, Georgia and Nashville
  • Wedowee, located northwest 34 mi (55 km) to Oxford and southeast 13 mi (21 km) to Roanoke
  • Oxford is one of two principal cities of the Anniston-Oxford MSA
  • Anniston-Oxford MSA is the second most populated metro area in northeast Alabama with a population of over 115K
  • Major economic drivers are within an hour drive from the site

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Discount

Dollar General

Listing Price: $1,250,786

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
11.1
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Absolute Net
Rent Per Square Feet
$10.07

Investment Highlights

  • 15-Year Absolute Net Lease, Zero Landlord Responsibility
  • Five 5-year options with 10% rent increase during each option
  • Located along Hwy 431, primary highway artery for eastern Alabama connecting Panama City, Florida to Dothan, Alabama to Columbus, Georgia and Nashville
  • Wedowee, located northwest 34 mi (55 km) to Oxford and southeast 13 mi (21 km) to Roanoke
  • Oxford is one of two principal cities of the Anniston-Oxford MSA
  • Anniston-Oxford MSA is the second most populated metro area in northeast Alabama with a population of over 115K
  • Major economic drivers are within an hour drive from the site

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 Located along Hwy 431, primary highway artery for eastern Alabama connecting Panama City, Florida to Dothan, Alabama to Columbus, Georgia and Nashville Wedowee, located northwest 34 mi (55 km) to Oxford and southeast 13 mi (21 km) to Roanoke Oxford is one of two principal cities of the Anniston-Oxford MSA Anniston-Oxford MSA is the second most populated metro area in northeast Alabama with a population of over 115K Major economic drivers are within an hour drive from the site Randolph County situated in the heart of east-central Alabama in between Atlanta and Birmingham, which provides its residents with several economic and entrepreneurial opportunities. Lake Wedowee is located directly east of Birmingham, Alabama on the upper Tallapoosa River and is considered one of the cleanest lakes in Alabama. Offers many recreational attractions such as: boating, kayaking, swimming, fishing and camping. It is known to be one of the finest lakes in the Southeast because the quality of the water and its sizeable bass population.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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