For Sale
$1,459,233

515 Eastern Valley Rd Bessemer, AL 35020

High-yield NNN retail investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, single-tenant, freestanding Dollar General store located at 515 Eastern Valley Rd, Bessemer, AL 35020, within the Birmingham MSA. The property boasts 9,026 square feet on a 2.27-acre lot and was constructed in 2023. It features a 15.1-year absolute NNN lease, commencing May 5, 2023, and expiring May 31, 2038, with a substantial remaining lease term of 13.5 years. The lease includes five, five-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $102,146, resulting in a 7.00% capitalization rate. The asking price is $1,459,233, translating to $154.68 per square foot. The property benefits from a corporate guarantee by Dollar General, providing significant investment security. This Class A retail property is situated in a prime location within the rapidly growing Bessemer market, offering exceptional long-term value and strong cash flow potential. The property's location on Eastern Valley Road provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-quality, net-leased investment property anchored by a creditworthy national tenant. The property is 100% occupied.

Highlights

  • NNN single-tenant investment opportunity in the Birmingham MSA.
  • 15-year lease with five 5-year options.
  • 10% rent increases per option period.
  • Corporate guarantee from Dollar General.

Property Details for 515 Eastern Valley Rd

Property type
Retail properties, Retail space
Square Feet
9,026 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
98,881 SF
Units
1

Location Insight

City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.368863
Longitude
-86.9642408

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment
Where is the retail property located?
The property is located at 515 Eastern Valley Rd Bessemer, AL.
What is the asking price?
The asking price for this property is $1,459,233.
What are key features of this property?
This property features: NNN single-tenant investment opportunity in the Birmingham MSA.; 15-year lease with five 5-year options.; 10% rent increases per option period.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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515 Eastern Valley Rd
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