558 Hartley St - Freestanding FOR SALE


Mc Kenzie, AL 36456
$790,012 USD
317-218-5316
558 Hartley St, Mc Kenzie, AL for Sale
$790,012 USD
Freestanding - FOR SALE
1/3
null | 7.85% Cap Rate

558 Hartley St
Mc Kenzie, AL 36456


HIGHLIGHTS

  • Stable Income Stream
  • No Immediate Competition
  • Triple Net Lease Structure
  • Strong Tenant Credit
  • Flexible Lease Terms

OVERVIEW

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire an absolute, triple-net single-tenant Dollar General investment located in McKenzie, Alabama. The building was a build-to-suit for Dollar General in 2016 and sits on 1.00 acres at the corner of Hartley Street and U.S. Hwy 55 (Crum Foshee Hwy), which experiences approximately 5,000 vehicles-per-day and is a north-south corridor connecting Interstate 65 to Florida’s Emerald Coast. The firm term lease in-place runs through October 2030 with five, five-year renewal options thereafter, each with rental escalators. Dollar General is financially responsible for everything at the subject site including real property taxes, insurance, and all common area maintenance costs (including roof, structure & parking lot).

FOR SALE DETAILS

PRICE

$790,012 USD

PRICE/SF

$105 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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