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101 Frankfurt Cir, Birmingham, AL, 35211

Dollar General
$1,900,000

Key Information

Cap Rate
6.71%
$ per SF
$222
Tot. SF
9,026
Lot Size
1.96 Acres
Year Built
2021
Term Remaining
±10 YRS
Type
Retail
NOI
$127,468

Highlights

  • Prime, High-Traffic Location: Strategically positioned on a prominent corner with approximately ±20,000 vehicles per day (VPD), offering exceptional visibility and convenient access within a thriving retail corridor.
  • Dense Surrounding Population: Located within a highly populated trade area with approximately 39,952 residents within a 3-mile radius and 152,845 residents within 5 miles, supporting strong and consistent consumer demand.
  • Largest MSA in Alabama: Situated in Birmingham, Alabama’s largest metropolitan area, known for its expanding population, diversified economy, and strong long-term real estate fundamentals.
  • Long-Term Lease Security: The property features 10 years remaining on the initial lease term, along with five additional 5-year renewal options, providing long-term stability for passive investors and 1031 exchange buyers.
  • Creditworthy Tenant: The lease is corporately guaranteed by Dollar General, a nationally recognized retailer with a strong investment-grade “BBB” credit rating, offering investors dependable income security.
  • Passive Triple-Net Investment: Structured as an NNN lease, this investment eliminates landlord responsibilities, besides an annually Association Assessment fee delivering a truly hands-off and predictable income stream.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0, 000168807-0 (AL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203