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3038 S PHILLIPS RD
LANETT, AL 36863-6232
Asking Price
$785K
Cap Rate
8.39%
Asset Type
Grocery Store Retail
Class
Class B
What's Special
Dollar General | 20+ Year Occupancy | Low Rent <p>INVESTMENT HIGHLIGHTS</p><p>• LONG-TERM HISTORICAL OPERATIONS| 20+ YEARS AT THIS LOCATION</p><p>• NEW 5-YEAR LEASE EXTENSION</p><p>• NEWLY RESEALED AND RESTRIPED PARKING LOT</p><p>• LOW BASE RENT OF JUST $7.31 PER SF</p><p>• TENANT HAS EXERCISED 3 EXTENSION OPTIONS ALREADY</p><p>• GROWING COMMUNITY OF 23,000+ 5-MILE POPULATION</p><p>• DIRECTLY ACROSS FROM HUGULEY MIDDLE SCHOOL</p>
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NOI
$80,000
Cap Rate
10.19%
DSCR
1.72
Strong
Cash-on-Cash
14.18%
Monthly Payment
$3,883.752
Annual Cash Flow
$33,394.98