7248 Hustleville RdAlbertville, AL 35951

Property Details for 7248 Hustleville Rd

Year built

2022

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store located at 7248 Hustleville Rd, Albertville, AL 35951. The property boasts a strong 6.50% cap rate and a compelling asking price of $1,408,996, translating to $132.42 per square foot. The property is a single-tenant, absolute NNN lease with a corporate guarantee, minimizing landlord responsibilities. The lease commenced on November 20, 2022, and features a 15-year initial term with two 5-year renewal options, each including a 10% rent increase. This translates to a substantial annual net operating income (NOI) of $91,584, with a monthly rental income of $7,632.06. The building, constructed in 2022, is a single-story structure offering 100% occupancy. Albertville, situated in northeastern Alabama's Marshall County, has a population of approximately 22,000 residents, providing a stable market for this essential retail establishment. This is a secure, passive income investment with significant long-term growth potential, backed by a nationally recognized tenant. The property's strong financials and long-term lease make it an attractive addition to any portfolio.

Location Insight

City

Albertville

County

Marshall

State

Alabama

Latitude

34.3596

Longitude

-86.2333

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