303 Main StOpp, AL 36467

Property Details for 303 Main St

Year built

2016

Lot size

1.67 AC

Property size (Sq ft)

8,353 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of an 8,353-square-foot grocery store located at 303 S Main St, Opp, Alabama, 36467. The property boasts a 7.75% cap rate and a strong NOI of $106,207. The tenant, Family Dollar, operates under a corporate-guaranteed absolute NNN lease with 5.6 years remaining, expiring June 29, 2030. Rent commencement is June 28, 2030. The lease, originally commencing September 13, 2015, includes rent bumps every three years, not exceeding 6%, providing consistent income growth. Built in 2016, this well-maintained property sits on a 1.67-acre lot and benefits from recent renovations completed by the tenant. The property enjoys 100% occupancy since its opening on September 13, 2015, and is situated in a high-traffic location with a reported 13,200 vehicles per day. The asking price is $1,370,000, translating to $164.01 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term, creditworthy tenant and significant upside potential. The property's location and the tenant's financial strength make this a compelling investment for discerning buyers. This is a net lease, meaning the tenant is responsible for all operating expenses.

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.2811

Longitude

-86.2559

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