For Sale
$1,983,333

2300 Lee Road 112Opelika, AL 36804

Family Dollar Tree, 7.65% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly constructed, 10,500 square foot Family Dollar Tree located in Opelika, Alabama, near Auburn University and Interstate 85. The property boasts a prime location, benefiting from high visibility and strong demographics. Built in 2024, this Class A retail building features a concrete parking lot and brick construction, offering a durable and attractive asset. The property is offered as a fee simple ownership with a 10-year net lease (NNN) to Dollar Tree, Inc., a highly rated investment-grade tenant (BBB/Baa2). The lease commenced June 1st, 2024, and includes a 9.5-year remaining term with four or five-year renewal options and built-in rent escalations. The property generates a strong net operating income (NOI) of $151,725, resulting in an attractive 7.65% cap rate. The 2-acre lot ensures ample parking and future expansion potential. This single-tenant, 100% occupied property provides a stable and secure investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property is available for a 1031 exchange.

Property Details for 2300 Lee Road 112

Property type
Lifestyle centers, Power centers
Square Feet
10,500 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Opelika
County
Lee
State
Alabama
Latitude
32.5440471
Longitude
-85.3727268
2300 Lee Road 112, Opelika, Alabama

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2300 Lee Road 112
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