Available For Sale - Retail

12,000 SF | Show Pricing $

LISTED BY

Filip Hernas
Prime Net Lease, 714-849-5997

AVAILABILITY DETAILS

Size
12,000 SF
Price/SF
Show Pricing $
Listing ID
SA552598
Notes
Prime Net Lease is pleased to present this 12,000 SF 2-Unit Dollar General Strip Center located in Stevenson, Alabama. Dollar General has successfully been at this location for over 23 years, exercising multiple options for renewal along the way. Dollar General is encumbered with a 5-year NN lease, leaving the landlord with minimal responsibilities. There is currently over a year remaining on the existing lease with One, 3-year option left. The next closest Dollar General store is over 8 miles away in Hollywood, AL or 11 miles away in Bridgeport, AL. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. This location takes advantage of a second tenant, D. Williams Dance Academy, which provides additional income with over a year and a half remaining on the current lease term. This tenant signed a brand new 3-year lease in April of 2023.



Stevenson is a city in Jackson County, Alabama, United States. Jackson County is the northeastern most county in the U.S. state of Alabama. Stevenson is included in the Chattanooga-Cleveland-Dalton, TN-GA-AL Combined Statistical Area. Since 1900, Stevenson has been the third largest town behind either Scottsboro and Bridgeport or vice versa. The Chattanooga–Cleveland–Dalton, TN–GA–AL Combined Statistical Area covers a total of thirteen counties. The combined statistical area consists of three metropolitan statistical areas – Chattanooga, Cleveland, and Dalton – as well as the Athens, Scottsboro, and Summerville micropolitan statistical areas. The property is positioned roughly 45 miles outside of Chattanooga, TN and right under 60 miles outside of Huntsville, AL. With a population of 184,086 in 2022, Chattanooga is Tennessee's fourth-largest city and one of the two principal cities of East Tennessee, along with Knoxville. Huntsville is the most populous city in the U.S. state of Alabama with a 2022 population of 221,933. It is the county seat of Madison County with portions extending into Limestone County and Morgan County.



The subject offering represents an ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Filip Hernas, Prime Net Lease