For Sale
$2,150,933

13086 Holt Peterson Rd Cottondale, AL 35453

High-yield Alabama retail property. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased Dollar General property located at 13086 Holt Peterson Rd, Cottondale, AL 35453. The 10,640 square-foot building, constructed in 2024, sits on a 1.44-acre lot and operates as a "Mini Market" format, reflecting Dollar General's larger store prototype. The property boasts a 15-year lease commencing October 2, 2024, and expiring October 31, 2039, with a substantial remaining term of 15 years. Rent increases of 5% are built into the lease every five years, providing consistent income growth. The property benefits from a strong corporate guarantee and a 6.75% cap rate, with a current NOI of $145,188 and an asking price of $2,150,933 ($202.16/sq ft). Situated in the Tuscaloosa County MSA, this corner location enjoys high visibility and traffic volume (combined 8,287 VPD), serving a 47,000-person population within a five-mile radius. Its proximity to the University of Alabama (7 miles) and a Mercedes-Benz plant (15 miles) further enhances its long-term potential. This is a core NNN investment with exceptional growth prospects.

Highlights

  • Brand new 2024 construction.
  • 15-year absolute NNN lease.
  • Strong corporate guarantee.
  • 5% rent increases every five years starting in year six.
  • 10,640 SF Dollar General "Mini Market" format.
  • Corner lot in Tuscaloosa MSA with 8,287 VPD.

Property Details for 13086 Holt Peterson Rd

Property type
Retail properties, Drug stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
62,726 SF
Units
1

Location Insight

City
Cottondale
County
Tuscaloosa
State
Alabama
Latitude
33.2327168
Longitude
-87.4242579

FAQs

What type of property is this?
Retail property - High-yield Alabama retail property. Strong tenant, long lease.
Where is the retail property located?
The property is located at 13086 Holt Peterson Rd Cottondale, AL.
What is the asking price?
The asking price for this property is $2,150,933.
What are key features of this property?
This property features: Brand new 2024 construction.; 15-year absolute NNN lease.; Strong corporate guarantee.
How can I contact the broker?
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13086 Holt Peterson Rd
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