For Sale
$1,625,806

25332 Straughn School Rd Andalusia, AL 36421

High-yield Dollar Tree/Family Dollar

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple, 10,500 square foot retail property in Andalusia, Alabama. The property houses a newly constructed (2024) Family Dollar/Dollar Tree hybrid store operating under a 10-year net-net lease, commencing May 31, 2024, and expiring May 31, 2034. The lease includes three five-year renewal options with $.50/PSF rent bumps. The tenant, Dollar Tree, Inc., provides a corporate guarantee, boasting an investment-grade credit rating of BBB. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $126,000, resulting in a compelling 7.75% cap rate and a price per square foot of $154.84. Located at 25332 Straughn School Rd, Andalusia, AL 36421, this single-unit building benefits from high visibility and serves a strong demographic area. The ten-mile radius boasts a population of 20,770 and an average household income of $65,824, exceeding typical demographics for this type of retail establishment. This offering presents a rare opportunity to acquire a secure, high-performing investment with a nationally recognized tenant and significant remaining lease term (9.5 years). The asking price is $1,625,806.

Highlights

  • New Construction, Opened Q2 2024
  • 10-Year Net-Net Lease with Investment-Grade Tenant
  • S&P BBB-Rated Tenant with Full Corporate Guarantee from Dollar Tree, Inc.
  • Strong Demographics: $65,824 Average Household Income & 20,770 Population within a Ten-Mile Radius
  • Rare Dollar Tree Corporate Guarantee

Property Details for 25332 Straughn School Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2024
Buildings
1
Units
1

Location Insight

City
Andalusia
County
Covington
State
Alabama
Latitude
31.3585686
Longitude
-86.4682408

FAQs

What type of property is this?
Retail property - High-yield Dollar Tree/Family Dollar
Where is the retail property located?
The property is located at 25332 Straughn School Rd Andalusia, AL.
What is the asking price?
The asking price for this property is $1,625,806.
What are key features of this property?
This property features: New Construction, Opened Q2 2024; 10-Year Net-Net Lease with Investment-Grade Tenant; S&P BBB-Rated Tenant with Full Corporate Guarantee from Dollar Tree, Inc.
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.
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25332 Straughn School Rd
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