For Sale
$2,036,040

907 Nashville AveAtmore, AL 36502

High-yield, long-term Dollar General investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Atmore, Alabama. Built in 2024, the property boasts a 15.1-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced August 11, 2024, and expires August 31, 2039, leaving a substantial 14.8 years remaining. The property features a 6.75% cap rate and a strong net operating income (NOI) of $137,432. Located on a 0.96-acre lot at 907 W Nashville Ave, Atmore, AL 36502, this single-tenant building benefits from a prime location near Windcreek Casino & Hotel and experiences high traffic volume (6,475 vehicles per day). The property is strategically positioned near other major retailers, including Walmart, Ace Hardware, and more. The lease includes attractive 5% rent bumps every five years, starting in year six, providing consistent growth potential. This fee-simple ownership offers a secure, passive income stream with a long-term, established tenant. The property's size reflects Dollar General's "PLUS" format, designed for increased sales volume. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside.

Highlights

  • $2,036,040 asking price for a new 2024-built Dollar General.
  • 14.8-year remaining lease term (15.1 years total) with an absolute NNN lease structure.
  • Credit-rated tenant with corporate guarantee.
  • 5% rent increases every 5 years.
  • 10,640 square feet on a 0.96-acre lot in Atmore, Alabama.
  • 6.75% cap rate with a $137,432 annual net operating income (NOI).

Property Details for 907 Nashville Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
41,818 SF
Units
1

Location Insight

City
Atmore
County
Escambia
State
Alabama
Latitude
31.0231672
Longitude
-87.5050732
907 Nashville Ave, Atmore, Alabama

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907 Nashville Ave
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