8145 AL-144 Hwy - Freestanding FOR SALE


Alexandria, AL 36250
$2,178,844 USD
662-234-4044
8145 AL-144 Hwy, Alexandria, AL for Sale
$2,178,844 USD
Freestanding - FOR SALE
1/4
null | 6.75% Cap Rate

8145 AL-144 Hwy
Alexandria, AL 36250


HIGHLIGHTS

  • NNN Single Tenant Investment Opportunity
  • Located approximately halfway between Birmingham, AL and Atlanta, GA
  • 15-Year Lease 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, free-standing DG Market located in Alexandria, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years during the initial term and each option, and a rent commencement date of November 20, 2024. The property is located along AL Hwy 144 on the north side of Alexandria, a town on the northern side of the Oxford-Anniston MSA approximately 20 miles south of Gadsen, AL. Alexandria is nestled in the foothills of Northeast Alabama in Calhoun County, AL, approximately 75 miles East of Birmingham, AL and 90 miles West of Atlanta, GA. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating. The subject property is located on AL Hwy 144 on the north side of Alexandria, a town in Calhoun County just north of Oxford-Anniston, a high-traffic stop on the I-20 corridor that connects Atlanta, GA to Birmingham, AL. Calhoun County, AL is a great place to do business and attend college with progressive communities and strong economics. The total area of Calhoun County is 612 square miles with 4 major highways, including Interstate 20, Highway 78, 278, and 431.

FOR SALE DETAILS

PRICE

$2,178,844 USD

PRICE/SF

$206 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG Market | Alexandria, AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

-

APN/PARCEL ID

13-08-28-0-000-004.000

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.