Dollar General

Retail-Commercial for Sale
Catylist Listing ID: 30211499
Property Subtypes: Free-Standing Building
Building Size (RSF): 10,640 SF
Gross Building Area: See Agent
Gross Land Area: 1.54 Acres
Sale Price: $1,868,048
Unit Price: $175.57 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Last Updated: 3/22/2018

Overview / Comments

Pounders & Associates, Inc. is pleased to offer the opportunity to acquire the Dollar General store located at 15 Robinson Street in Priceville, Alabama. This absolute NNN lease has no landlord responsibilities and five 5-year renewal options with ten percent rent increases every five years. The current base rent is $10,507.77 per month and the net annual operating income is $126,093.24. The lease is guaranteed by Dollar General Corporation which has a “BBB” Standard & Poor's rating and is classified as Investment Grade.

The subject property is conveniently located along Highway 67 in Priceville (16,140 VPD), near Interstate 65 at exit 334 (36,870 VPD).

•10,640 SF Dollar General store on 1.54 acres
•Absolute NNN lease with no landlord responsibilities
•Five 5-year options with 10% rent increases at each option
•Corporate guarantee - “BBB” S&P Rating

Attachments & Media

Current Tenants

Tenant Business Name Dollar General
Website URL
Industry Type Retail Trade
Annual Revenue $21,986,598 (Annual)
Employees Total 121,000
Year Founded 1939
Current Rent $12 PSF (Annual)
Lease Expiration 11/2029
Tenant Notes Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It also provides seasonal products, including decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition, the company offers apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. The company operates more than 14,000 stores located in 44 states. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.

Additional Details

Nearest MSA: Decatur
County: Morgan
Taxing Authority: Morgan County
Tax ID/APN: 12-06-13-0-200-007.001
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,640 SF
Property Condition: Excellent
Year Built: 2014
Roof Type: Flat
Construction/Siding: Brick, Steel Frame
Total Parking Spaces: 57
Parking Ratio: 187 (per 1000 SF)
Parking Type: Surface

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,328 30,096
Median Age: 43.8 40.46
Households: 2,829 11,783
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