For Sale
$2,505,046

2070 Shannon Oxmoor RdBessemer, AL 35022

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, freestanding Dollar General store in Bessemer, Alabama. Located at 2070 Shannon Oxmoor Rd, 35022, this Class A property boasts 10,566 square feet on a 1.29-acre lot and features 42 parking spaces. The building, constructed in 2024, is a single-story structure operating under a 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease includes five, five-year renewal options, with a 5% rent increase every five years. The current annual net operating income (NOI) is $162,828, representing a 6.50% capitalization rate and a price per square foot of $237.09. The asking price for this 100% occupied property is $2,505,046. This investment offers exceptional stability and growth potential, situated in a prime location within the Birmingham MSA, just south of the Oxmoor Valley Golf Course. The property's strong tenant, lease terms, and location make it an attractive addition to any portfolio. The property is currently fully occupied.

Highlights

  • NNN single-tenant investment opportunity in the Birmingham MSA.
  • 15-year lease with five 5-year options.
  • 5% rent increases every five years.
  • Corporate guarantee from Dollar General.

Property Details for 2070 Shannon Oxmoor Rd

Property type
Lifestyle centers, Power centers
Square Feet
10,566 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.40624
Longitude
-86.8781387
2070 Shannon Oxmoor Rd, Bessemer, Alabama

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2070 Shannon Oxmoor Rd
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