Property Listing No Longer Available for Sale

208 Forest Road, Hueytown, AL

Retail for Sale - $569,492 - 9,014 Sq. Ft. on 105 acres


Property Info

CIMLS#433659
Location
  208 Forest Road
  Hueytown AL 30523
UpdatedApril 19th, 2012
TypeRetail
Price$569,492
Building9,014 Sq. Ft.
Land105 acres

Property Description

Bull Realty brings this established single tenant, net lease Dollar General offering to market in Hueytown, AL, a bedroom community of Birmingham. This +/- 9,014 sq ft building, built in 2005, sits on an approximately 1.05 acre parcel with a concrete parking lot. Well located within 2.5 miles of I-59/I-20, it is just off Allison-Bonnett Memorial Drive, a busy commercial artery with numerous national retailers and restaurants. Within a 3-mile radius, the population is 30,086 and has an average household income of $50,271.

The current annual rent is $50,400 with minimal landlord responsibilities. This NN property has five 5-year option periods each featuring a 5% increase in rents. Dollar General has 10,000 locations throughout the US and is the largest discount “small box” retailer in the US. Their success is demonstrated by their BB+ rating with Standard & Poors and their consistent quarter over quarter stock earnings growth since going public in 2009.

This investment makes good sense to investors looking to diversify and gain solid returns. Offered at an attractive 8.8% cap rate, an investor will be able to take advantage of strong tenant fundamentals and ease of ownership with a net lease.

This property is part of a portfolio of eight Dollar Generals, two Family Dollars and one Fred’s in AL, GA, KY, MS & TN that can be purchased together or separately.

Please contact Nancy or Sheree for additional details regarding this property.

Please Contact:

Nancy Miller, CCIM, MBA

NMiller@BullRealty.com

404.876.1640 x 118

Sheree Strome Berk, CCIM

SStrome@BullRealty.com

404.876.1640 x 122