LEASE & LOCATION:

• 2022 Upgraded Construction for Dollar General
• ±12.75 Years remaining on an Initial 15-Year Abs NNN Lease
• 5% rental increases every 5-years for the life of the lease
• Strategically located on South Main Street (AL-173), a highly visible and well-trafficked thoroughfare
• The property benefits from strong local exposure and easy access, with U.S. Highway 431 just to the east—providing direct connectivity to Dothan and Abbeville
• Located next to Headland Municipal Airport and Dothan Regional Airport
• Zero Landlord Responsibilities
• 5-Mile average household income of $96,835 annually
• 10-Mile population of 56,485 residents
• Dothan is approximately 10-miles south from the subject property
• Dothan is projected to see 5.55% increase in population over the next 5 years

 

TENANT:

• Dollar General boasts 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