Property Listing No Longer Available for Sale

2605 US Highway 431, Anniston, AL

Retail for Sale - $361,165 - 7,500 Sq. Ft. on 74 acres


Property Info

CIMLS#187794
Location
  2605 US Highway 431
  Anniston AL 36206
UpdatedNovember 7th, 2011
TypeRetail
Price$361,165
Building7,500 Sq. Ft.
Land74 acres

Property Description

Bull Realty is pleased to present this value priced Dollar General, single tenant, net lease offering in Anniston, AL. This 7,500 SF building, built in 1998, has traffic counts of over 21,000 vehicles per day on this four lane divided highway. It sits on an approximately 0.74 acre site with a concrete parking lot. Within a 3-mile radius, the population is 15,117 and has an average household income of $46,434.

Dollar General exercised their first renewal option March of 2009. The current cap rate is 10.3%! Two 5-year option periods remain, each featuring a $500 monthly increase. The current annual net income is $37,200. The lease is corporate guaranteed by Dollar General, a highly regarded national credit tenant, making this an attractive investment for first time and seasoned investors.

Anniston, the seat of Calhoun County, is located off I-20 between Birmingham and Atlanta. It is the home of the US Army


Financials