299 Old Fort Rd, Fort Deposit, AL 36032
10,500 SF | Retail Building | Fort Deposit, AL 36032 | $1,743,000 ($166/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $1,743,000
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $166
Listing Contacts
Robert Bender
Verified Profile
Doug Passon
Verified Profile
- Property Info
Property Overview
Fortis Net Lease is pleased to present this 10,500 SF Family Dollar/Dollar Tree hybrid store located in Fort Deposit, AL. The property is encumbered with a ten year double net lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade. This Store is highly visible as it is strategically positioned along Old Fort Road in the city of Fort Deposit. The ten mile population is 4,869 with the ten mile average household income at $59,763. These are above-average demographics for a Dollar Store. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 103,673 SF
Highlights
- New Construction | Opening Q2 2024
- 10 Year NN Lease Requiring Minimal Landlord Responsibilities
- Investment Credit Tenant | S&P Rating: BBB
- Ten Mile Average Household Income $59,763
- Ten Mile Population is 4,869
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