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900 Piedmont Highway, Centre, AL, 35960

DOLLAR GENERAL
$1,652,359

Key Information

Cap Rate
6.6%
Tot. SF
10,640
Year Built
2023
Term Remaining
±13.25 YRS
Type
Retail

Highlights

Lease & Location:

  • 2023 build-to-suit construction for Dollar General
  • 15-Year absolute NNN lease (commencement of October 2023)
  • 5% rental increases every 5-years for the life of the lease
  • Larger Dollar General PLUS prototype (10,640 SF building)
  • Estimate population growth of 8.01% over the next 5-years
  • Zero landlord management responsibilities
  • Average household income of $84,311 (considered to be Dollar General’s “sweet-spot”)
  • Centre is located in Northeast Alabama roughly 25-miles East of Gadsden

Tenant:

  • Dollar General has an investment grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future

Photos

Location

Agents

Broker of Record

Hutt Cooke

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