225 Church StAndalusia, AL 36420

Property Details for 225 Church St

Year built

1984

Lot size

0.59 AC

Property size (Sq ft)

9,090 SF

Property type

Retail space

APN

23-13-04-18-4-403-022.000

APU

231304184403022000

Description

This exceptional investment opportunity features a 9,000 square foot Dollar General store located at 225 Church St, Andalusia, AL 36420. The property sits on a 0.59-acre lot and boasts a 100% occupancy rate with a corporate-guaranteed, Net Net (NN) lease. The lease commenced February 1, 2015, and has a remaining term of 5.2 years, expiring January 31, 2030, with two 5-year renewal options. The asking price is $620,800, representing a price per square foot of $68.98 and a 7.50% cap rate based on a current NOI of $46,560. Built in 1984, this single-story building offers a stable investment with rent bumps varying according to a detailed rent schedule. The property benefits from high daily traffic counts along US Highway 29 and a strong local market. This is a rare opportunity to acquire a well-established, low-maintenance retail property backed by a financially sound, publicly traded corporation. The property's location in Andalusia, Alabama, within Covington County, provides access to a stable local economy and consistent customer traffic. The lease's corporate guarantee minimizes landlord responsibilities, making this an attractive investment for those seeking a secure, high-yield return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,809,718

  6.5%

  $1,670,509

  7%

  $1,551,187

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,550,377

  Geo Method

  $1,628,444

• Alternative Use

  Use

  Valuation

  Residential

  $1,409,137

  Hospitality

  $1,290,762

  Educational

  $1,073,899

  Medical

  $1,110,832

  Retail

  $1,670,509

Location Insight

City

Andalusia

County

Covington

State

Alabama

Latitude

31.3076

Longitude

-86.4862

Property Tax & Assessments

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