5370 Hazelwood RdAdamsville, AL 35005

Property Details for 5370 Hazelwood Rd

Year built

2024

Lot size

1.43 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Dollar General store in Adamsville, Alabama. Located at 5370 Hazelwood Road, this Class A property boasts 10,640 square feet on a 1.43-acre lot and is situated approximately 10 minutes from Interstate 65 and 20 minutes from Birmingham. The property features a 15-year absolute NNN lease, commencing May 31, 2024, and expiring May 31, 2039, with five, five-year renewal options. Rent increases by 5% every five years throughout the primary term and each option period. The tenant, Dollar General, is investment-grade, offering a corporate guarantee and a strong credit rating. The property's current net operating income (NOI) is $135,300, resulting in a 6.60% cap rate and a price per square foot of $192.67. The asking price is $2,050,000. This is a 100% occupied, one-story building constructed in 2024, offering a secure and lucrative investment prospect with significant long-term potential. The property is located in Jefferson County, Alabama, zip code 35005.

Location Insight

City

Adamsville

County

Jefferson

State

Alabama

Latitude

33.5984

Longitude

-86.9756

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