515 Eastern Valley RdBessemer, AL 35020

Property Details for 515 Eastern Valley Rd

Year built

2023

Lot size

2.27 AC

Property size (Sq ft)

9,026 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, single-tenant, freestanding Dollar General store located at 515 Eastern Valley Rd, Bessemer, AL 35020, within the Birmingham MSA. The property boasts 9,026 square feet on a 2.27-acre lot and was constructed in 2023. It features a 15.1-year absolute NNN lease, commencing May 5, 2023, and expiring May 31, 2038, with a substantial remaining lease term of 13.5 years. The lease includes five, five-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $102,146, resulting in a 7.00% capitalization rate. The asking price is $1,459,233, translating to $154.68 per square foot. The property benefits from a corporate guarantee by Dollar General, providing significant investment security. This Class A retail property is situated in a prime location within the rapidly growing Bessemer market, offering exceptional long-term value and strong cash flow potential. The property's location on Eastern Valley Road provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-quality, net-leased investment property anchored by a creditworthy national tenant. The property is 100% occupied.

Location Insight

City

Bessemer

County

Jefferson

State

Alabama

Latitude

33.3689

Longitude

-86.9642

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