299 Old Fort RdFort Deposit, AL 36032

Property Details for 299 Old Fort Rd

Year built

2024

Lot size

1.00 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 10,500-square-foot Family Dollar/Dollar Tree hybrid store in Fort Deposit, Alabama. Located at 299 Old Fort Rd W, 36032, this fee-simple property boasts a new construction (2024) and a strong 10-year net-net lease commencing May 29, 2024, and expiring May 30, 2034, leaving minimal landlord responsibilities. The lease includes three, five-year options with $.50/PSF rent bumps. The tenant, Dollar Tree Corporation, provides a corporate guarantee and holds an investment-grade credit rating of BBB. The property sits on one acre and enjoys 100% occupancy, generating a net operating income (NOI) of $130,725, resulting in a 7.75% cap rate and a price per square foot of $160.65. The asking price is $1,686,774. This strategically positioned store benefits from strong demographics, with a ten-mile population of 4,869 and an average household income of $59,763. This represents a rare opportunity to acquire a highly profitable, low-maintenance retail investment anchored by a nationally recognized, financially stable tenant. The property's visibility and location contribute to its exceptional investment potential. This is a single-tenant property with a proven track record of success.

Location Insight

City

Fort Deposit

County

Lowndes

State

Alabama

Latitude

31.9862

Longitude

-86.5819

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