Dollar General Net Lease Investment Property | 7.5% Cap Rate
1289 43rd Avenue
Phenix City, AL 36869
Highlights
- Strong Placer.ai Performance: Annual sales at $2M with year over year customer growth of over 11% per Placer.ai
- Proven Long-Term commitment: This NNN Dollar General has been successfully operating at this location since 2015, serving a 5-mile population of over 81,000 people with an average household income of over $68,000
- Great Location: Located just 3 miles from downtown Phenix (AL) and 4 miles from downtown Columbus, traffic counts on a busy commercial corner at US 80 exceed 27,000 VPD
- Strong Lease: The NNN lease is guaranteed by investment grade tenant, Dollar General with over 20,000 stores nationwide and with no landlord responsibilities
- Recession Resilient Tenant: Dollar General is a proven discount retailer as demonstrated during the pandemic and in recessionary times
- Alabama License #: 000093159-0
Description
This absolute NNN Dollar General in Phenix City, Alabama is strategically located just off busy Crawford Rd (U.S. 80 & AL 9), the primary east-west commercial corridor running through Phenix City and into Columbus, Georgia. Traffic counts just west of the property are ±27,443 VPD.
This attractive, ±9,100 SF Dollar General was built in 2015 and sits on a ±1.12-acre corner site just over 3 miles west of downtown Phenix City and approximately 4 miles west of downtown Columbus. Phenix City is the county seat of Russell County. Located in eastern Alabama, it sits across the Chattahoochee River from Columbus, Georgia and is part of the Columbus MSA. The top regional employers include Fort Benning, TSYS Payment Solutions (a financial technology company), Columbus Regional Healthcare, Aflac, and St. Francis Hospital. The population within 5 miles of the property is ±81,611 with an average household income of $68,466.
The initial NNN term of 15 years has ±4.67 years remaining with five 5-year renewal options, each with a 10% rent increase. There are no landlord responsibilities. It has a strong guaranty by Dollar General Corporation, which operates over 20,000 stores across the 48 continental states. This NNN Dollar General is priced at $1,225,000 with a 7.5% cap rate.
This property is located in Phenix City, Alabama.
