Dollar General Net Lease Investment Property 1289 43rd Ave Local commercial 845 m² À vendre Phenix City, AL 36869 1 053 157 € (1 245,72 €/m²) Taux de capitalisation 7,54 %

This absolute NNN Dollar General in Phenix City, Alabama is strategically located just off busy Crawford Rd (U.S. 80 & AL 9), the primary east-west commercial corridor running through Phenix City and into Columbus, Georgia. Traffic counts just west of the property are ±27,443 VPD.

This attractive, ±9,100 SF Dollar General was built in 2015 and sits on a ±1.12-acre corner site just over 3 miles west of downtown Phenix City and approximately 4 miles west of downtown Columbus. Phenix City is the county seat of Russell County. Located in eastern Alabama, it sits across the Chattahoochee River from Columbus, Georgia and is part of the Columbus MSA. The top regional employers include Fort Benning, TSYS Payment Solutions (a financial technology company), Columbus Regional Healthcare, Aflac, and St. Francis Hospital. The population within 5 miles of the property is ±81,611 with an average household income of $68,466.

The initial NNN term of 15 years has ±4.67 years remaining with five 5-year renewal options, each with a 10% rent increase. There are no landlord responsibilities. It has a strong guaranty by Dollar General Corporation, which operates over 20,000 stores across the 48 continental states. This NNN Dollar General is priced at $1,225,000 with a 7.5% cap rate.