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376 Smothers Avenue
Eldridge, AL 35554
Asking Price
$8.26M
Cap Rate
7.35%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Retail | 7.35% CAP | 63,540 SqFt <ul><li>Absolute NNN Lease with zero landlord responsibilities</li><li>Corporately Guaranteed lease by Dollar General</li><li>All properties built between 2019-2020 with brand new construction</li><li>Long lease term remaining with weighted average of 8.63 years</li><li>Minimal retail competition in surrounding markets</li><li>All 7 properties feature 10% rent increases every 5 years</li><li>Multiple renewal options (5x5 YR) with 10% increases per option</li></ul>
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NOI
$80,000
Cap Rate
0.97%
DSCR
0.16
Underwater
Cash-on-Cash
-16.56%
Monthly Payment
$40,856.682
Annual Cash Flow
$-410,280.182
