10090 Highway 188 - Convenience Store FOR SALE


Grand Bay, AL 36541
$1,392,328 USD
248-833-6601
10090 Highway 188, Grand Bay, AL for Sale
$1,392,328 USD
Convenience Store - FOR SALE
1/3
null | 6.7% Cap Rate

10090 Highway 188
Grand Bay, AL 36541


HIGHLIGHTS

  • Absolute NNN Lease/Zero Landlord Responsibilities
  • Average Annual HH Income exceeds $55K within a 5 Mile Radius
  • Population Exceeds 54,000 Residents within a 10 Mile Radius

OVERVIEW

Exclusive Realty is pleased to present this 9,002-square-foot Dollar General store located in Grand Bay, Alabama. The property has an Absolute NNN Lease with zero landlord responsibilities. The Dollar General lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and this is classified as investment grade. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and proven profitability of the tenant.

FOR SALE DETAILS

PRICE

$1,392,328 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

44-02-09-0-000-055

ASK ABOUT THIS PROPERTY

Steve SagmaniExclusive RealtyMore Info
248-833-6601

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Steve SagmaniExclusive RealtyMore Info
248-833-6601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.