25 Circle DrRockford, AL 35316

Property Details for 25 Circle Dr

Year built

2004

Lot size

1.87 AC

Property size (Sq ft)

8,125 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a freestanding Dollar General store located at 25 Circle Drive, Rockford, Alabama 35316. The property boasts 8,125 square feet on a 1.87-acre lot and is situated in a strong demographic area with an average household income exceeding $81,673 within a 3-mile radius. Built in 2004, this single-story building operates under a Net Lease (NN) agreement with a corporate guarantee, offering significant investor security. The current lease, with Dollar General, extends until October 31, 2029, representing a remaining term of 4.9 years. The lease includes three to five-year option periods with rent bumps in each, demonstrating the tenant's long-term commitment. This is Dollar General's third extension at this location, highlighting its consistent success and strong performance. The current rent per square foot is exceptionally low at $4.14, further enhancing the investment's potential. The property's strong performance is reflected in its 8.25% cap rate and a Net Operating Income (NOI) of $33,600. The asking price is $407,273, translating to a price per square foot of $50.13. The property benefits from limited competition in the immediate area, suggesting continued strong sales performance for the tenant. This sale is for a leaseback transaction. This is a rare opportunity to acquire a well-established, high-performing retail asset with a strong tenant and significant upside potential.

Location Insight

City

Rockford

County

Coosa

State

Alabama

Latitude

32.8837

Longitude

-86.2229

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].