Cap Rate
6.75%
Tot. SF
10,640
5401 Laurendine Rd., Theodore, AL, 36582
Dollar General$1,875,443
Key Information
Year Built
2023
Term Remaining
±13.25 YRS
Type
Retail
Highlights
- ±13.25-Years remaining on a 15-Year Abs NNN lease
- Dollar General modified the existing lease to include 5% increases every 5-years
- Ranks in the top 50% of all Dollar General’s nationwide (Placer.Ai)
- Larger 10,640 SF Dollar General PLUS prototype
- Strong corporately guaranteed lease from Dollar General Corporation
- 49,200 Vehicles daily at the intersection of Laurendine Rd & Bellingrath Rd
- Theodore AL is located within the Mobile AL MSA which has an estimated population of 430,197 residents
- 10-Mile population of ±100,501 residents
- Massive 1.76 Acre parcel
- 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
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
Broker of Record
Hutt Cooke
License # 000110253 - 0 (AL)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203