3949 Al-9Cedar Bluff, AL 35959

Property Details for 3949 Al-9

Year built

2022

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 10,500-square-foot retail property in Cedar Bluff, Alabama, housing a Family Dollar and Dollar Tree. The property boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $112,665. Built in 2022, the property is situated at 3949 AL-9, 35959, and benefits from a 100% occupancy rate under a Net Lease (NNN) agreement. The lease, commenced December 1, 2022, features a remaining term of 8.2 years, extending to January 31, 2033, with favorable 5-year lease options including 5% rent bumps. The tenant, Dollar Tree, Inc., provides a corporate guarantee, ensuring financial stability. The property's strategic location offers convenient access, with proximity to The Cove at Riverside Campground and Cedar Bluff High School. The asking price is $1,408,200, translating to $134.11 per square foot. This represents a compelling investment with a secure, long-term lease and significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio.

Location Insight

City

Cedar Bluff

County

Cherokee

State

Alabama

Latitude

34.2202

Longitude

-85.5994

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