The Hurd Net Lease Group of Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 8356 AL-117 in Valley Head, Alabama. The investment is being offered at an 8.5% cap rate which represents a price of $494,117.
The subject property is an 8,125 square foot build to suit store located on an 1.89 acre parcel. The tenant operates under a double-net lease structure, which was recently extended for an additional 5 years. There are currently 4.7 years remaining, along with two 5-year options for removal, each with 10% rental increases every five years. Landlord responsibilites are limited to roof, structure, and parking lot. Dollar General contributes $338.00 per month twoard CAM, and pays insurance direct through their national insurance program and reimburses for property taxes.