8356 AL Highway 117 - Freestanding FOR SALE


Valley Head, AL 35989
$494,117 USD
727-550-7114
8356 AL Highway 117, Valley Head, AL for Sale
$494,117 USD
Freestanding - FOR SALE
1/1
null | 8.5% Cap Rate

8356 AL Highway 117
Valley Head, AL 35989


HIGHLIGHTS

  • Located on the busiest road in Valley Head.
  • Near a variety of local sights including Little River Canyon National Preserve.
  • Population growth increase projected through 2028.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$494,117 USD

PRICE/SF

$61 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

Commercial

APN/PARCEL ID

10-09-32-0-004-028.000

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

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