8356 Al-117Valley Head, AL 35989

For Sale
$494,117
Property records and analytics
High-yield, Net Lease Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
126
This fee-simple retail property offers a compelling investment opportunity. The 8,125 square-foot Dollar General store, built in 2004, sits on a 1.89-acre lot at 8356 AL-117 in Valley Head, Alabama, a high-traffic area with over 4,000 vehicles daily. The property boasts a strong net lease (NN) structure with a current asking price of $494,117 and a Net Operating Income (NOI) of $42,000. The lease, originally commencing December 31, 2003, has been extended, leaving approximately 4.1 years remaining, plus two five-year renewal options with 10% rent increases each. Landlord responsibilities are limited to roof, structure, and parking lot

Highlights

  • Fee-simple retail property with a Double Net (NN) lease; 4.7 years remaining.
  • Recent lease renewal demonstrates tenant commitment.
  • Conveniently located near popular tourist attractions.
  • Features a new concrete parking lot.
  • Recently replaced HVAC units.
  • Sole Dollar General within a 10-mile radius.

Property Details for 8356 Al-117

Property type
Retail properties, Retail space
Square Feet
8,125 SF
Year Built
2004

Location Insight

City
Valley Head
County
DeKalb
State
Alabama
Latitude
34.55825803
Longitude
-85.6142636
8356 Al-117, Valley Head, Alabama

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FAQs

What type of property is this?
Retail property - High-yield, Net Lease Convenience Store
Where is the retail property located?
The property is located at 8356 Al-117 Valley Head, AL.
What is the asking price?
The asking price for this property is $494,117.
What are key features of this property?
This property features: Fee-simple retail property with a Double Net (NN) lease; 4.7 years remaining.; Recent lease renewal demonstrates tenant commitment.; Conveniently located near popular tourist attractions.
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 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.
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Contacts

Daniel Hurd
Daniel Hurd
Visit Broker Website

Learn more

Useful Information

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Al-117
Valley Head, AL 35989

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Valley Head, AL 35989

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

8356 Al-117
  • Daniel Hurd
    Daniel Hurd
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