For Sale
$2,401,060

72 Tbd HwyStevenson, AL 35722

High-Yield NNN Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 4.97-acre lot in Stevenson, Alabama. The property boasts a 15-year absolute NNN lease, commencing November 3, 2024, and expiring November 29, 2039, with a substantial remaining term of 15 years. The lease features attractive 5% rent increases every five years, ensuring consistent income growth throughout the primary term and five, 5-year renewal options. The property's strong financial performance is reflected in its 6.80% cap rate and a Net Operating Income (NOI) of $163,272, with an asking price of $2,401,060 ($192.39/sq ft). The tenant, Dollar General Corporation, a Fortune 500 company operating over 20,000 stores, provides a corporate guarantee, minimizing risk. Located at TBD Hwy 72, Stevenson, AL 35722, this single-tenant property benefits from limited retail competition, establishing it as a dominant retailer in the area. Its proximity to the Stevenson-Bridgeport Municipal Airport (9 miles) adds to its strategic location. This is a fee-simple ownership opportunity with 100% occupancy, offering a secure and profitable investment in a rapidly growing market. The building was constructed in 2024.

Highlights

  • Brand new 15-year Dollar General Market lease, commencing November 2024.
  • Absolute NNN lease with zero landlord responsibilities.
  • 5% rent increase every 5 years throughout the primary term and options.
  • Limited retail competition; dominant retailer in the area.
  • Located 9 miles from Stevenson-Bridgeport Municipal Airport.
  • Corporate guarantee from Dollar General Corporation (Fortune 500 company operating 20,000+ stores).

Property Details for 72 Tbd Hwy

Property type
Specialty properties, Retail properties
Square Feet
12,480 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
216,493 SF
Units
1

Location Insight

City
Stevenson
County
Jackson
State
Alabama
Latitude
34.8361723
Longitude
-85.834444
72 Tbd Hwy, Stevenson, Alabama

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72 Tbd Hwy
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