For Sale
$2,135,288

1706 6Th StTuscumbia, AL 35674

Alabama Retail Property, Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General PLUS store in Tuscumbia, Alabama. Located at 1706 E 6th St, this single-tenant, absolute NNN property boasts a 15-year lease commencing July 31, 2024, with a 6.75% cap rate and a $144,132 annual net operating income (NOI). The lease includes 5% rent bumps every five years, providing consistent growth. Situated on a 1.5-acre lot, the property benefits from a high-traffic location with 10,983 vehicles passing daily, and its proximity to Northwest Shoals Community College (4,200 students) and major retailers like Walgreens, Publix, and Walmart. The property's strong corporate guarantee and credit-rated tenant ensure a secure investment. The building, constructed in 2024, offers 100% occupancy and benefits from a larger-than-average Dollar General store size, designed to accommodate projected high sales volume. This fee-simple ownership provides a compelling opportunity for long-term passive income generation within a thriving retail market. The property's strategic location and strong tenant covenant make it an attractive addition to any investment portfolio. The lease has 5 x 5 year renewal options. The 5-mile population exceeds 64,000.

Highlights

  • Brand new 2024 construction, 10,640 SF Dollar General PLUS store.
  • 15-year absolute NNN lease commencing July 31, 2024, with 5% rent increases every five years.
  • Strong corporate guarantee and credit-rated tenant.
  • 1.5-acre lot with high traffic counts (10,983 VPD).
  • Excellent location near Northwest Shoals Community College (4,200 students) and major retailers (Walgreens, Publix, Walmart).

Property Details for 1706 6Th St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Tuscumbia
County
Colbert
State
Alabama
Latitude
34.6429822
Longitude
-87.7566513
1706 6Th St, Tuscumbia, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1706 6Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message