Discount

Dollar General | 4-Sided Brick Exterior

933 US Highway 11, Trussville, AL 35173

Listing Price: $1,389,000

Cap Rate
6.36%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$152.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.71

Investment Overview

The subject property is a 2015 construction Dollar General store located on US Highway 11 in Trussville, AL, a thriving suburb of Birmingham. Dollar General is signed to a 15-year NNN lease that commenced in October of 2015. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Five (5), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal.

Investment Highlights

  • TRIPLE NET (NNN) LEASE | NO LANDLORD EXPENSES
  • UPGRADED CONSTRUCTION | 4-SIDED BRICK EXTERIOR
  • 10 YEARS REMAINING ON INITIAL 15-YEAR TERM
  • THRIVING SUBURB OF BIRMINGHAM, AL
  • 5-MILE POPULATION OF 22,000+ | 43% INCREASE SINCE 2000

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Discount

Dollar General | 4-Sided Brick Exterior

Listing Price: $1,389,000

Cap Rate
6.36%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$152.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.71

Investment Highlights

  • TRIPLE NET (NNN) LEASE | NO LANDLORD EXPENSES
  • UPGRADED CONSTRUCTION | 4-SIDED BRICK EXTERIOR
  • 10 YEARS REMAINING ON INITIAL 15-YEAR TERM
  • THRIVING SUBURB OF BIRMINGHAM, AL
  • 5-MILE POPULATION OF 22,000+ | 43% INCREASE SINCE 2000

Investment Overview

The subject property is a 2015 construction Dollar General store located on US Highway 11 in Trussville, AL, a thriving suburb of Birmingham. Dollar General is signed to a 15-year NNN lease that commenced in October of 2015. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Five (5), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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