DOLLAR GENERAL | PRATTVILLE, ALABAMA

Purchase Price
$1,031,111
Location
601 McQueen Smith Rd N
Cap Rate
6.75%
Annual Rent
$69,600.00
Building Size
9,020 SF
Land Area
0.96 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
8 Years
LEASE EXPIRATION
05/31/2029
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
8% in 2026 & 10% at Options
Parking
35 Spaces
Year Built
2003
APN
19 06 13 1 000 001.001
Traffic Counts
11,841 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 8 Years Remaining in the Current Lease Term
  • 2003 Construction - 9,020 SF
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases
 

NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Structure, HVAC & Parking Lot
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

DISTANCE TO OTHER MAJOR CITIES:

  • Montgomery, Alabama | 13 Miles - 21 Minute Drive
  • Auburn, Alabama | 69 Miles - 1 Hour: 15 Minute Drive
  • Tuscaloosa, Alabama | 89 Miles - 1 Hour: 35 Minute Drive
  • Columbus, Georgia | 97 Miles - 1 Hour: 43 Minute Drive
  • Atlanta, Georgia | 175 Miles - 2 Hour: 47 Minute Drive
  • Pensacola, Florida | 177 Miles - 2 Hour: 50 Minute Drive
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 8,350 Residents
  • 1-Mile Average Household Income = $96,613
  • 3-Mile Population = 29,244 Residents
  • 3-Mile Average Household Income = $84,248
  • 5-Mile Population = 50,533 Residents
  • 5-Mile Average Household Income = $80,389
  • 7-Mile Population = 67,365 Residents
  • 7-Mile Average Household Income = $81,344
 

TENANT:

  • Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
  • 17,426 Stores in 46 States as of April 30, 2031
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

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