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Dollar General | Absolute NNN 7 Location Portfolio (Available Individually) | Alabama

9345 State St, Gainesville, AL 35464

Listing Price: $1,164,573

Cap Rate
7.15%
Tenant Name
Dollar General
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.15

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General located in Gainesville, Alabama. The property has 9+ years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.

Investment Highlights

  • The property is located less than 1 hour from Tuscaloosa, the 5th most populous city in Alabama.
  • The property operates under an absolute triple-net with zero landlord responsibilities.
  • This Dollar General is located right in the center of Gainesville and directly across the street from the city's municipal complex.
  • This is the only general merchandise/every day needs store in the immediate area.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Discount

Dollar General | Absolute NNN 7 Location Portfolio (Available Individually) | Alabama

Listing Price: $1,164,573

Cap Rate
7.15%
Tenant Name
Dollar General
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.15

Investment Highlights

  • The property is located less than 1 hour from Tuscaloosa, the 5th most populous city in Alabama.
  • The property operates under an absolute triple-net with zero landlord responsibilities.
  • This Dollar General is located right in the center of Gainesville and directly across the street from the city's municipal complex.
  • This is the only general merchandise/every day needs store in the immediate area.

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General located in Gainesville, Alabama. The property has 9+ years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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