For Sale
$1,408,996

7248 Hustleville RdAlbertville, AL 35951

High-yield retail investment in AL.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store located at 7248 Hustleville Rd, Albertville, AL 35951. The property boasts a strong 6.50% cap rate and a compelling asking price of $1,408,996, translating to $132.42 per square foot. The property is a single-tenant, absolute NNN lease with a corporate guarantee, minimizing landlord responsibilities. The lease commenced on November 20, 2022, and features a 15-year initial term with two 5-year renewal options, each including a 10% rent increase. This translates to a substantial annual net operating income (NOI) of $91,584, with a monthly rental income of $7,632.06. The building, constructed in 2022, is a single-story structure offering 100% occupancy. Albertville, situated in northeastern Alabama's Marshall County, has a population of approximately 22,000 residents, providing a stable market for this essential retail establishment. This is a secure, passive income investment with significant long-term growth potential, backed by a nationally recognized tenant. The property's strong financials and long-term lease make it an attractive addition to any portfolio.

Highlights

  • Brand new, 10,640 SF Dollar General store in Albertville, AL.
  • Absolute NNN lease with corporate guarantee; 15-year initial term with two 5-year options, each with a 10% rent increase.
  • $1,408,996 asking price; 6.5% cap rate; $132.42/SF.
  • $91,584 annual NOI; $7,632.06 monthly rent.
  • Located in Albertville, AL (pop. ~22,000), Marshall County, AL.

Property Details for 7248 Hustleville Rd

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2022
Buildings
1
Stories
1
Units
1

Location Insight

City
Albertville
County
Marshall
State
Alabama
Latitude
34.3596
Longitude
-86.2333
7248 Hustleville Rd, Albertville, Alabama

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7248 Hustleville Rd
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