25332 Straughn School RdAndalusia, AL 36421

Property Details for 25332 Straughn School Rd

Year built

2024

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple, 10,500 square foot retail property in Andalusia, Alabama. The property houses a newly constructed (2024) Family Dollar/Dollar Tree hybrid store operating under a 10-year net-net lease, commencing May 31, 2024, and expiring May 31, 2034. The lease includes three five-year renewal options with $.50/PSF rent bumps. The tenant, Dollar Tree, Inc., provides a corporate guarantee, boasting an investment-grade credit rating of BBB. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $126,000, resulting in a compelling 7.75% cap rate and a price per square foot of $154.84. Located at 25332 Straughn School Rd, Andalusia, AL 36421, this single-unit building benefits from high visibility and serves a strong demographic area. The ten-mile radius boasts a population of 20,770 and an average household income of $65,824, exceeding typical demographics for this type of retail establishment. This offering presents a rare opportunity to acquire a secure, high-performing investment with a nationally recognized tenant and significant remaining lease term (9.5 years). The asking price is $1,625,806.

Location Insight

City

Andalusia

County

Covington

State

Alabama

Latitude

31.3586

Longitude

-86.4682

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