1706 6Th StTuscumbia, AL 35674

Property Details for 1706 6Th St

Year built

2024

Lot size

1.50 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General PLUS store in Tuscumbia, Alabama. Located at 1706 E 6th St, this single-tenant, absolute NNN property boasts a 15-year lease commencing July 31, 2024, with a 6.75% cap rate and a $144,132 annual net operating income (NOI). The lease includes 5% rent bumps every five years, providing consistent growth. Situated on a 1.5-acre lot, the property benefits from a high-traffic location with 10,983 vehicles passing daily, and its proximity to Northwest Shoals Community College (4,200 students) and major retailers like Walgreens, Publix, and Walmart. The property's strong corporate guarantee and credit-rated tenant ensure a secure investment. The building, constructed in 2024, offers 100% occupancy and benefits from a larger-than-average Dollar General store size, designed to accommodate projected high sales volume. This fee-simple ownership provides a compelling opportunity for long-term passive income generation within a thriving retail market. The property's strategic location and strong tenant covenant make it an attractive addition to any investment portfolio. The lease has 5 x 5 year renewal options. The 5-mile population exceeds 64,000.

Location Insight

City

Tuscumbia

County

Colbert

State

Alabama

Latitude

34.643

Longitude

-87.7567

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