25332 Straughn School Rd - Convenience Store FOR SALE


Andalusia, AL 36421
$1,625,806 USD
248-254-3406
25332 Straughn School Rd, Andalusia, AL for Sale
$1,625,806 USD
Convenience Store - FOR SALE
1/3
null | 7.75% Cap Rate

25332 Straughn School Rd
Andalusia, AL 36421


HIGHLIGHTS

  • New Construction | Opening Q2 2024
  • 10 Year NN Lease Requiring Minimal Landlord Responsibilities
  • Investment Credit Tenant | S&P Rating: BBB
  • Ten Mile Average Household Income $65,824
  • Ten Mile Population is 20,770 

OVERVIEW

Fortis Net Lease is pleased to present this 10,500 SF Family Dollar/Dollar Tree hybrid store located in Andalusia, AL. The property is encumbered with a ten year double net lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade. This Store is highly visible as it is strategically positioned along Straughn School Road in the city of Andalusia. The ten mile population is 20,770 with the ten mile average household income at $65,824. These are above average demographics for a Dollar Store. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.

FOR SALE DETAILS

PRICE

$1,625,806 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-1

APN/PARCEL ID

08-09-32-1-003-024.001

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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