7701 Highway 20 - Retail FOR SALE


Florence, AL 35633
$2,113,412 USD
256-520-5000
7701 Highway 20, Florence, AL for Sale
$2,113,412 USD
Retail - FOR SALE
1/1
null | 6.8% Cap Rate

7701 Highway 20
Florence, AL 35633


HIGHLIGHTS

  • MARKET STORE
  • NEW BUMP LEASE
  • Brand New True NNN Dollar General

OVERVIEW

NEW BUMP LEASE! We have some of the BEST CAP rates on the market! I am blessed to represent the largest developer of Dollar General stores in the country. We build / sell between 70 - 100 stores a year for the past 20 years, so if you need one store or a bundle, we can do that. All of our stores are all brand new free standing stores with true NNN 15 year initial term leases. THIS LEASE IS THE NEW LEASE WITH BUMPS! Every 5 years during the initial 15 year term is a 5% rent increase. This store in Florece, Alabama has a 10,640 square foot building. The yearly rental income is $143,712. The CAP is 6.85% and the Sales Price is $2,097,985. Florence, Alabama is in Lauderdale County Alabama. Florence is located in the northwest part of Alabama and is the county seat of Lauderdale County. Florence has a population of over 40,000. The University of North Alabama is located in Florence and has around 10,000 students. This store opened July 31, 2024. I have other stores not "listed" as well. If you need anything, please just let me know. Dollar General 7701 Highway 20 Florence, AL 35633 (Lauderdale County) 34.8572 -87.7602 $143,712 yearly rental income 6.85% CAP $2,097,985 Sales Price

FOR SALE DETAILS

PRICE

$2,113,412 USD

PRICE/SF

$199 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General MARKET STORE

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

06-09-31-0-000-003.005

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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