48298 Highway 22 - Freestanding FOR SALE


Wadley, AL 36276
$370,000 USD
602-687-6661
48298 Highway 22, Wadley, AL for Sale
$370,000 USD
Freestanding - FOR SALE
1/1
null | 7.29% Cap Rate

48298 Highway 22
Wadley, AL 36276


OVERVIEW

Marcus & Millichap is pleased to offer for sale the Dollar General in Wadley, Alabama. This investment opportunity is being offered at a price of $391,000 and a cap rate of 6.90%. The 8,000 square foot property sits on .65 acres and was built in 2003. In 2018, Dollar General extended their double net lease to August 31, 2027 with two (2) additional five-year options. This established neighborhood Dollar General has served the community since 2003. The replacement cost to develop a new Dollar General store at this location is more than $2.0 million.

FOR SALE DETAILS

PRICE

$370,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,527 SF

ZONING

-

APN/PARCEL ID

19-01-12-3-011-004-0010

ASK ABOUT THIS PROPERTY

John SpinaMarcus & MillichapMore Info
602-687-6661

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John SpinaMarcus & MillichapMore Info
602-687-6661

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