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Dollar General
558 Hartley St, McKenzie, AL 36456
Listing Price: $810,667
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire an absolute, triple-net single-tenant Dollar General investment located in McKenzie, Alabama. The building was a build-to-suit for Dollar General in 2016 and sits on 1.00 acres at the corner of Hartley Street and U.S. Hwy 55 (Crum Foshee Hwy), which experiences approximately 5,000 vehicles-per-day and is a north-south corridor connecting Interstate 65 to Florida’s Emerald Coast. The firm term lease in-place runs through October 2030 with five, five-year renewal options thereafter, each with rental escalators. Dollar General is financially responsible for everything at the subject site including real property taxes, insurance, and all common area maintenance costs (including roof, structure and parking lot).
Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.
Dollar General
Investment Highlights
- This Dollar General is the Only Good and Merchandise Retailer Located in McKenzie, Alabama
- Six and a Half Years Remaining of Original 15-Year Lease with Five, Five Year Options which Include Rental Escalators
- The Property is Strategically Located Along U.S. Hwy 55 which leads Directly into Interstate 65
- The Absolute Triple-Net Lease Structure Shifts Operating Expense Responsibilities to the Tenant, Minimizing Landlord Obligations
Broker of Record
Listing Price: $810,667
Investment Highlights
- This Dollar General is the Only Good and Merchandise Retailer Located in McKenzie, Alabama
- Six and a Half Years Remaining of Original 15-Year Lease with Five, Five Year Options which Include Rental Escalators
- The Property is Strategically Located Along U.S. Hwy 55 which leads Directly into Interstate 65
- The Absolute Triple-Net Lease Structure Shifts Operating Expense Responsibilities to the Tenant, Minimizing Landlord Obligations
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire an absolute, triple-net single-tenant Dollar General investment located in McKenzie, Alabama. The building was a build-to-suit for Dollar General in 2016 and sits on 1.00 acres at the corner of Hartley Street and U.S. Hwy 55 (Crum Foshee Hwy), which experiences approximately 5,000 vehicles-per-day and is a north-south corridor connecting Interstate 65 to Florida’s Emerald Coast. The firm term lease in-place runs through October 2030 with five, five-year renewal options thereafter, each with rental escalators. Dollar General is financially responsible for everything at the subject site including real property taxes, insurance, and all common area maintenance costs (including roof, structure and parking lot). Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
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