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

18 Coosa County Rd 133, Kellyton, AL 35089

Listing Price: $1,217,748

Cap Rate
7.15%
Tenant Name
Dollar General
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.57

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General located in Kellyton, 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 in Kellyton, Alabama which is a little over an hour SE of Birmingham, the 3rd most populous city in AL and approximately 2 hours SW from Atlanta.
  • The property operates under an absolute triple-net with zero landlord responsibilities.
  • This is the only general merchandise/every day needs store in the immediate area.
  • The property benefits from being located along AL-22 and is the only Dollar General in a 9-mile radius.

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: $1,217,748

Cap Rate
7.15%
Tenant Name
Dollar General
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$9.57

Investment Highlights

  • The Property is located in Kellyton, Alabama which is a little over an hour SE of Birmingham, the 3rd most populous city in AL and approximately 2 hours SW from Atlanta.
  • The property operates under an absolute triple-net with zero landlord responsibilities.
  • This is the only general merchandise/every day needs store in the immediate area.
  • The property benefits from being located along AL-22 and is the only Dollar General in a 9-mile radius.

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General located in Kellyton, 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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