Dollar General,
Trafford, AL Investment Summary
| Price | $1,087,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, Maintenance, and Repair, Including Roof, Structure, and Parking Lot |
| Rental Increases | 10% Rental Increases in Option Periods |
| Year Built | 2014 |
| Building Size | 9,100 SF |
| Lot Size | 1.34 Acres (58,370 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with Alabama-licensed real estate broker Commercial Realty, LLC. |
Investment Highlights
CORPORATE GUARANTEED LEASE WITH SCHEDULED RENT INCREASES
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Scheduled rental increases in option periods, providing a hedge against inflation
ABSOLUTE TRIPLE NET LEASE
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor
MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $21.9 billion
» Dollar General operates 14,000 locations in 43 states and has plans for significant future growth
CENTRAL LOCATION NEAR MAJOR THOROUGHFARES AND NOTABLE COMMUNITY AMENITIES
» Convenient access to Interstate 65, a major thoroughfare connecting the region with downtown Birmingham, which experiences a traffic volume of 59,320 vehicles per day
» Excellent visibility and access from Warrior – Trafford Road, the main route through Trafford
» Within walking distance of downtown Trafford and the Locust Fork of the Black Warrior River, which features several stretches of whitewater and is popular with canoers and kayakers
» Minutes from Mortimer Jordan High School, with a total enrollment of over 760 students, and Trafford’s industrial region, which is home to major companies WCA Waste Corporation and Total Automation Group
FILL OUT THE FORM BELOW TO ACCESS OFFERING MEMORANDUM
Property Description
SOLD
The property is conveniently located at the intersection of Gurley Road and Warrior – Trafford Road, the main route through Trafford. Warrior – Trafford Road connects Trafford with the nearby city of Warrior and also intersects with U.S. Highway 31, which has a traffic count of 10,390 vehicles per day. In turn, U.S. Highway 31 connects with Interstate 65, a major thoroughfare connecting the region with downtown Birmingham, which experiences a traffic volume of 59,320 vehicles per day. Warrior – Trafford Road also provides convenient access to major retailers located in Warrior. Notable tenants in the nearby area include Piggly Wiggly, Ace Hardware, NAPA Auto Parts, McDonald’s, Taco Bell, CVS, Advance Auto Parts, Chevron, and several others.
The property is centrally located within walking distance of downtown Trafford. The property is also minutes from Mortimer Jordan High School, with a total enrollment of over 760 students, and Trafford’s industrial region, which is home to major companies WCA Waste Corporation and Total Automation Group. The property is directly adjacent to the Locust Fork of the Black Warrior River, which features several stretches of whitewater and is popular with canoers and kayakers. Other recreational areas, including Green Briar Golf Course and Rickwood Caverns State Park, are just a short drive away.
