10378 Us-231Pell City, AL 35054
Family Dollar Tree, Net Lease, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Fee-simple ownership of a 10,500 SF single-tenant retail building in Cropwell, Alabama.
- 100% occupied by a Family Dollar Tree under a corporately guaranteed Net Lease (NN+) with 9.8 years remaining on the initial 10-year term, plus five 5-year options, each with a $5,250 rent increase.
- 2024 construction with a 20-year roof warranty; sits on a 1.45-acre lot.
- Strong NOI of $145,950, representing a 7.75% cap rate on the $1,883,225 asking price.
- Investment-grade credit tenant (S&P rated BBB) with a strong track record; tenant responsible for HVAC, CAM, taxes, and insurance.
- High-traffic location on US-231 (22,200+ VPD), serving a 10-mile population of 15,773 with an average household income of $94,416.
Property Details for 10378 Us-231
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,500 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 63,162 SF
Location Insight
- City
- Pell City
- County
- St. Clair
- State
- Alabama
- Latitude
- 33.5073711
- Longitude
- -86.3275351
Nearby Similar for Sale
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