3100 Day Street, Montgomery, AL
Retail for Sale - $1,653,000 - 8,320 Sq. Ft. on 0.98 acres
Property Info
| CIMLS# | 877059 |
| Location 3100 Day Street Montgomery AL 36108 | |
| Updated | October 11th, 2016 |
| Type | Retail |
| Price | $1,653,000 |
| Building | 8,320 Sq. Ft. |
| Land | 0.98 acres |
Property Description
Bull Realty is pleased to offer this 2015 construction NNN leased Family Dollar, located in Montgomery, AL, the state capital. The store features a NNN lease that expires at the end of March 2031 with 6 five year renewal options. It has rent bumps of 10% in the 11th year of the lease term and at renewals.
The Family Dollar is corporate guaranteed and now part of the Dollar Tree family of companies. It is located in a residential area near Maxwell Air Force Base with a population of over 78,185 within a five mile area.
-NNN lease through March 2031 with no landlord responsibilities
-Six 5 year options with 10% rent increases in the 11th year and at renewals
-Located in Montgomery, the state capital of Alabama
-Located between Interstate 65 and Maxwell Air Force Base with over 78K population within 5 miles
-Quality built by one of the top Family Dollar preferred developers
-Offered at a 6.25% cap rate