Dollar General - Russellville, AL

Asset Type

Retail

Address
18625 Al-24 Russellville, AL United States 35653
Asking Price

S$1,522,000

Sq Footage

9,100

Year Built

2016

Cap Rate

7.00%

Additional Attributes

Property Description

Recently constructed Dollar General store for sale in Russellville. High visibility with frontage on Highway 24 and in close proximity to Franklin County Career Technical Center and Belgreeen High School. Dollar General is the nation’s leading discount retailer with over 15,000 stores and growing, boasting an investment-grade credit rating from all major ratings agencies. Great opportunity to acquire a management-free asset with a long-term lease by an investment grade tenant at an attractive yield.

Investment Highlights

  • Fee simple interest
  • Property features an absolute NNN lease with over 12 years of contractual term remaining
  • Five 5-year renewal options with 10% rental increases
  • Zero landlord responsibilities
Listing Contacts
Alex Sands
Alex Sands
Analyst
+65 3159 4021
NY - 10401280495
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
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