8356 Al Highway 117, Valley Head, AL 35989
8,125 SF | Retail Building | Valley Head, AL 35989 | $494,117 ($61/SF) | 8.50% Cap Rate
For Sale
Active
Asking Price $494,117
- Property Type
-
Retail
- Square Feet
- 8,125 SF
- Price / Square Foot
- $61
Listing Contacts
Daniel Hurd
Property Overview
The Hurd Net Lease Group of Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 8356 AL-117 in Valley Head, Alabama. The investment is being offered at an 8.5% cap rate which represents a price of $494,117.
The subject property is an 8,125 square foot build to suit store located on an 1.89 acre parcel. The tenant operates under a double-net lease structure, which was recently extended for an additional 5 years. There are currently 4.7 years remaining, along with two 5-year options for removal, each with 10% rental increases every five years. Landlord responsibilites are limited to roof, structure, and parking lot. Dollar General contributes $338.00 per month twoard CAM, and pays insurance direct through their national insurance program and reimburses for property taxes.
The subject property is an 8,125 square foot build to suit store located on an 1.89 acre parcel. The tenant operates under a double-net lease structure, which was recently extended for an additional 5 years. There are currently 4.7 years remaining, along with two 5-year options for removal, each with 10% rental increases every five years. Landlord responsibilites are limited to roof, structure, and parking lot. Dollar General contributes $338.00 per month twoard CAM, and pays insurance direct through their national insurance program and reimburses for property taxes.
Property Details
- Class
- C
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 82,328 SF
Highlights
- Located on the busiest road in Valley Head.
- Near a variety of local sights including Little River Canyon National Preserve.
- Population growth increase projected through 2028.
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