Discount
Dollar General | NNN | Low Price Point
10477 Ramsey Rd, Grand Bay, AL 36541
Listing Price: $1,558,000
Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.03
Investment Overview
DOLLAR GENERAL
• PUBLICLY TRADED COMPANY ON NYSE
• INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POORS
• 20,000+ LOCATIONS IN 48 STATES
• $42.7 BILLION NET SALES FISCAL YEAR 2025
Investment Highlights
- NEWER 2023 CONSTRUCTION | 11.5+ YEARS REMAINING
- 10% RENTAL INCREASES EACH RENEWAL OPTION
- LOW BASE RENT AND PRICE POINT
- TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
- CORNER LOT AT SIGNALIZED INTERSECTION
- 18,000+ POPULATION IN 5-MILE RADIUS | 54,000+ POPULATION IN 10-MILE RADIUS
Exclusively Listed By
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Listing Price: $1,558,000
Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.03
Investment Highlights
- NEWER 2023 CONSTRUCTION | 11.5+ YEARS REMAINING
- 10% RENTAL INCREASES EACH RENEWAL OPTION
- LOW BASE RENT AND PRICE POINT
- TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
- CORNER LOT AT SIGNALIZED INTERSECTION
- 18,000+ POPULATION IN 5-MILE RADIUS | 54,000+ POPULATION IN 10-MILE RADIUS
Investment Overview
DOLLAR GENERAL • PUBLICLY TRADED COMPANY ON NYSE • INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POORS • 20,000+ LOCATIONS IN 48 STATES • $42.7 BILLION NET SALES FISCAL YEAR 2025
Exclusively Listed By
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments