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Dollar General

225 Church St, Andalusia, AL 36420

Listing Price: $593,548

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
9,090
Lease Type
Double Net
Rent Per Square Feet
$5.12

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in the Dollar General located at 225 Church Street in Andalusia, Alabama. The subject is a 9,090-square-foot freestanding store, which sits on a .37 acre parcel. There are 3.7 years remaining on a 10 year double net lease and one, five-year renewal option. There was a rental increase in 2020 and another increase in the option period. The lease is corporately guaranteed by Dollar General. The landlord is only responsible for roof, structure, parking lot, foundation and repairs over $1,000. Dollar General is located in downtown Andalusia near the main retail corridor off of US-29 near multiple national retailers. The property is located near the corner of Church Street and Baisden Street seeing over 8,600 vehicles per day. This Dollar General is the 19th most visited Dollar General store in the State of Alabama out of 680 locations and is ranked in the 98th percentile of most visited store in the country according to Placer.ai visitation data.

Investment Highlights

  • Close to Multiple National Retailers Such as McDonald's, Taco Bell, Tractor Supply, Popeye's AutoZone, Walgreens and More
  • This Dollar General is Ranked in the 98th Percentile for Number for Annual Visitors Nationwide | 19th Most Visited Dollar General in the State of Alabama -Placer.ai
  • 3.7 Years Remaining on a 10 Year Double-Net Lease with One, Five-Year Option
  • Rental Increase in Option Period
  • Strong Traffic Counts Exceeding 8,650 Vehicles per Day on the Corner of Church Street and Baisden Street
  • Located in Downtown Andalusia Near the Main Retail Corridor

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $593,548

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
9,090
Lease Type
Double Net
Rent Per Square Feet
$5.12

Investment Highlights

  • Close to Multiple National Retailers Such as McDonald's, Taco Bell, Tractor Supply, Popeye's AutoZone, Walgreens and More
  • This Dollar General is Ranked in the 98th Percentile for Number for Annual Visitors Nationwide | 19th Most Visited Dollar General in the State of Alabama -Placer.ai
  • 3.7 Years Remaining on a 10 Year Double-Net Lease with One, Five-Year Option
  • Rental Increase in Option Period
  • Strong Traffic Counts Exceeding 8,650 Vehicles per Day on the Corner of Church Street and Baisden Street
  • Located in Downtown Andalusia Near the Main Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in the Dollar General located at 225 Church Street in Andalusia, Alabama. The subject is a 9,090-square-foot freestanding store, which sits on a .37 acre parcel. There are 3.7 years remaining on a 10 year double net lease and one, five-year renewal option. There was a rental increase in 2020 and another increase in the option period. The lease is corporately guaranteed by Dollar General. The landlord is only responsible for roof, structure, parking lot, foundation and repairs over $1,000. Dollar General is located in downtown Andalusia near the main retail corridor off of US-29 near multiple national retailers. The property is located near the corner of Church Street and Baisden Street seeing over 8,600 vehicles per day. This Dollar General is the 19th most visited Dollar General store in the State of Alabama out of 680 locations and is ranked in the 98th percentile of most visited store in the country according to Placer.ai visitation data.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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