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 excited to offer a 12,000 SF 2-Unit Dollar General Strip Center located in the thriving community of Stevenson, Alabama. Anchored by Dollar General, which has operated successfully at this location for over 23 years, the property has proven tenant stability with multiple lease renewals. Dollar General is currently on a 5-year NN lease with minimal landlord responsibilities, ensuring a hassle-free investment. With over a year remaining on the existing lease term and One, 3-year renewal option, this location continues to provide a reliable income stream.



Strategically located more than 8 miles from the next closest Dollar General in Hollywood, AL, and 11 miles from Bridgeport, AL, this site serves as a crucial retail hub for the area. The property boasts excellent visibility and is conveniently located on a spacious lot along US-72, a primary thoroughfare in the area with significant daily vehicle traffic. The location benefits from its proximity to nationally recognized tenants such as McDonald's, Burger King, and Ace Hardware, which help attract a steady flow of consumers to the area. This high-traffic corridor ensures consistent exposure and customer access for tenants, enhancing the property's long-term value. Dollar General’s lease is corporately guaranteed by Dollar General Corporation, boasting an Investment Grade "BBB" credit rating, further solidifying the investment’s security.



In addition, the property benefits from a second tenant, D. Williams Dance Academy, which signed a new 3-year lease in April 2023, adding further diversity to the tenant mix and additional income potential. With over a year and a half remaining on their lease, this second tenant enhances the center’s stability and appeal to investors seeking a well-rounded investment opportunity.



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