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18275 Alabama 35
Scottsboro, AL 35768
Asking Price
$1.20M
Cap Rate
7.35%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
5,136 VPD | 10% Rent Bumps | Hard Corner at AL-79 & AL-35 <ul><li>Absolute NNN Lease with zero landlord responsibility</li><li>Visible to over 5,136 vehicles per Day</li><li>Corporately Guaranteed lease by Dollar General (S&P: BBB)</li><li>Small retail market with very limited nearby competition</li><li>Hard Corner Location at the Intersection of AL-79 and AL-35</li><li>Five, Five-Year Renewal Options with 10% Rental Increases</li><li>To Be Sold Only as Part of the 7-Property Alabama Portfolio</li></ul>
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NOI
$80,000
Cap Rate
6.64%
DSCR
1.12
Tight
Cash-on-Cash
2.35%
Monthly Payment
$5,959.901
Annual Cash Flow
$8,481.183
