7701 State HwyFlorence, AL 35633

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Market store located at 7701 State Hwy 20, Florence, AL 35633, in Lauderdale County. The property boasts a strong 6.80% cap rate and a compelling asking price of $2,113,411.77, translating to $198.63 per square foot. The single-tenant, net-leased property features a 15-year lease commencing July 25, 2024, and expiring July 25, 2039, with a substantial 14.7 years remaining. The lease includes attractive 5% rent bumps every five years, ensuring consistent income growth. The property generates a substantial net operating income (NOI) of $143,712 annually. Built in 2024, this free-standing building offers 100% occupancy, with the tenant's occupancy date set for June 25, 2024. Florence, a thriving city with a population exceeding 40,000 and home to the University of North Alabama, provides a robust and stable market for this retail location. This is a turnkey investment opportunity with a secure, long-term lease and built-in rent increases. The property's prime location and strong tenant ensure a reliable and profitable investment for years to come.