For Sale
$1,883,225

10378 Us-231Pell City, AL 35054

Family Dollar Tree, Net Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 10,500 square foot, single-tenant retail building in Cropwell, Alabama. The property is currently 100% occupied by a Family Dollar Tree, operating under a corporately guaranteed Net Lease (NN+) with 9.8 years remaining on the initial 10-year term, plus five 5-year options, each including a $5,250 rent increase. Built in 2024, the building boasts a 20-year roof warranty and sits on a 1.45-acre lot. The property generates a strong Net Operating Income (NOI) of $145,950, representing a 7.75% cap rate on the asking price of $1,883,225. The tenant, Dollar Tree (a subsidiary of Dollar General), is an investment-grade credit tenant with a strong track record. Located on US-231 with traffic counts exceeding 22,200 vehicles daily, the property benefits from a 10-mile population of 15,773 residents and an average household income of $94,416. The strategic location near Avondale Lake further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-risk retail investment with significant upside potential. The tenant is responsible for HVAC, CAM, taxes, and insurance.

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
10378 Us-231, Pell City, Alabama

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10378 Us-231
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