For Sale
$620,800

225 Church StAndalusia, AL 36420

High-return retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity features a 9,000 square foot Dollar General store located at 225 Church St, Andalusia, AL 36420. The property sits on a 0.59-acre lot and boasts a 100% occupancy rate with a corporate-guaranteed, Net Net (NN) lease. The lease commenced February 1, 2015, and has a remaining term of 5.2 years, expiring January 31, 2030, with two 5-year renewal options. The asking price is $620,800, representing a price per square foot of $68.98 and a 7.50% cap rate based on a current NOI of $46,560. Built in 1984, this single-story building offers a stable investment with rent bumps varying according to a detailed rent schedule. The property benefits from high daily traffic counts along US Highway 29 and a strong local market. This is a rare opportunity to acquire a well-established, low-maintenance retail property backed by a financially sound, publicly traded corporation. The property's location in Andalusia, Alabama, within Covington County, provides access to a stable local economy and consistent customer traffic. The lease's corporate guarantee minimizes landlord responsibilities, making this an attractive investment for those seeking a secure, high-yield return.

Highlights

  • $620,800 asking price for a Dollar General retail property.
  • Net lease investment with a corporate guarantee from Dollar General (NYSE: DG).
  • 9,000 square feet on a 0.59-acre lot, built in 1984.
  • 15-year lease, with 5.2 years remaining; lease expires January 31, 2030.
  • 7.50% cap rate, with a current NOI of $46,560.

Property Details for 225 Church St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,000 SF
Year Built
1984
Buildings
1
Stories
1
Lot Size (sq. ft)
25,700 SF
Units
1

Location Insight

City
Andalusia
County
Covington
State
Alabama
Latitude
31.308039344314
Longitude
-86.48631048536
225 Church St, Andalusia, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
225 Church St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message