2070 Shannon Oxmoor Rd - Freestanding FOR SALE


Hoover, AL 35022
$2,505,046 USD
662-234-4044
2070 Shannon Oxmoor Rd, Hoover, AL for Sale
$2,505,046 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

2070 Shannon Oxmoor Rd
Hoover, AL 35022


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • Located in Birmingham MSA
  • 15-Year Leases with Five (5), Five (5) Year Options
  • 5% Rent Increases Every 5 Years During the Initial Term and Each Option
  • Corporate Guarantee by Dollar General Corporation

OVERVIEW

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand-new, freestanding Dollar General located in Bessemer, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and an estimated delivery date in October 2024. This property is located on Shannon Oxmoor Road on the east side of Bessemer, just south of the Oxmoor Valley Golf Course and just north of the Renaissance Birmingham Ross Bridge Golf Resort and Spa. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating. The subject property is located on Shannon Oxmoor Rd in Bessemer, AL, just south of Birmingham, AL. The Bessemer Dollar General is located just south of the Oxmoor Valley Golf Course and just north of the Renaissance Birmingham Ross Bridge Golf Resort and Spa, both part of the Robert Trent Jr. Golf Trail. Bessemer is part of the Birmingham-Hoover MSA, the largest population center in the state of Alabama. The city is strategically located along I-20/59 corridor that connects Tuscaloosa to Birmingham. In 2018, Amazon confirmed plans for an 825,000 sq. ft. fulfillment center in Bessemer. The Bessemer-Amazon facility represents a $325-million investment and ±1,500 full-time jobs with an annual payroll of $46-million (source: www.madeinalabama.com). Bessemer is also home to a Dollar General distribution center. The DG distribution facility is approximately 1,000,000 sq. ft. on 100-acres and represents a $100-million investment in Bessemer.

FOR SALE DETAILS

PRICE

$2,505,046 USD

PRICE/SF

$237 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Bessemer, AL (Hoover)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

-

APN/PARCEL ID

39-00-05-3-000-019.000

ASK ABOUT THIS PROPERTY

Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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Elizabeth RandallRandall Commercial Group, LLCMore Info
662-234-4044

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