For Sale
$1,395,000

2007 Avenue H Birmingham, AL 35218

High-return Dollar General NNN lease

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Dollar General store in Birmingham, Alabama. The property boasts a strong 7.35% cap rate and a substantial NOI of $102,504, supported by a credit-rated tenant with an investment-grade rating (S&P: BBB). The 9,026 square foot building, constructed in 2013, sits on a 1.2-acre lot and enjoys 100% occupancy. The current lease, with a remaining term of approximately 3.2 years, includes four, five-year options with a 10% rent increase at the beginning of each option period. This strategically located property benefits from high visibility and proximity to major thoroughfares, including I-20, and is less than a mile from the Birmingham CrossPlex, a significant draw attracting over 550,000 annual visitors. Furthermore, its location near several colleges and high schools, totaling over 4,500 students, ensures a consistent customer base. Dollar General's aggressive expansion plans and the recent struggles of a competitor further enhance the long-term value and stability of this investment. This is a rare opportunity to acquire a passively managed, high-performing asset with a strong tenant and significant growth potential. The property is located at 2007 Ave H, Birmingham, AL 35218.

Highlights

  • Absolute NNN lease with Dollar General; approximately 3.2 years remaining.
  • High-traffic location near Birmingham CrossPlex, attracting over 550,000 annual visitors.
  • Proximity to numerous colleges and high schools, totaling over 4,500 students.
  • Investment-grade tenant (Dollar General, S&P: BBB).
  • Dollar General's expansion plans include 2,385 real estate projects in FY2024, benefiting from competitor store closures.
  • 7.35% cap rate, $102,504 NOI.

Property Details for 2007 Avenue H

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,026 SF
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.510192990977
Longitude
-86.894115524672

FAQs

What type of property is this?
Retail property - High-return Dollar General NNN lease
Where is the retail property located?
The property is located at 2007 Avenue H Birmingham, AL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Absolute NNN lease with Dollar General; approximately 3.2 years remaining.; High-traffic location near Birmingham CrossPlex, attracting over 550,000 annual visitors.; Proximity to numerous colleges and high schools, totaling over 4,500 students.
How can I contact the broker?
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2007 Avenue H
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