Available Properties
Dollar General – Eldridge, AL
- 376 Smothers Avenue, Eldridge, AL 35554
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $1,179,565
- 7.35%
- 9 Years
- Absolute NNN
- Credit Rated, Corporate Guarantee
Highlights
- Absolute NNN Lease with zero landlord responsibilities
- Corporately Guaranteed lease by Dollar General (S\&P: BBB)
- Minimal retail competition in the surrounding areas
- Long lease term remaining of 8 years
- Brand new construction back in 2019
- Five, Five-Year Renewal Options with 10% Rental Increases
- To Be Sold Only as Part of the 7-Property Alabama Portfolio
Sale Description
AMC Real Estate Investment Services is pleased to present this Dollar General located in Eldridge, Alabama, offered as part of a 7-property Alabama portfolio. The property operates under an absolute NNN lease with zero landlord responsibilities and is corporately guaranteed by Dollar General, an investment grade tenant (S\&P: BBB). Brand new construction back in 2019 with 8 years of firm lease term remaining, the lease features five, five-year renewal options each with 10% rental increases, providing built in income growth and inflation hedge. Eldridge is located in Walker County in north central Alabama, less than one hour northwest of Birmingham. The store sits at the intersection of two main highways with minimal retail competition in the surrounding areas, making it the go to destination for everyday needs. This property is being offered exclusively as part of the 7-property Alabama Dollar General portfolio and will not be sold individually.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
550 |
$65.1k |
|
5 Mile |
1,519 |
$65.2k |
|
10 Mile |
8,422 |
$65.5k |
