Dollar General – Investmentsold

Address: 136 Countess Rd., Huntsville, AL 35810
Price: $691,000
Size: 9,014 Square Feet
Price/Sqft: $76.66
Contact: Bill Poole
 256-533-0990

Property Description

This store opened in 2007 and Dollar General recently extended the lease to May 31, 2022.

Current rent is $4,550.00 per month, but will increase to $4,700.00 per month on June 1, 2017. The lease is corporately guaranteed by Dollar General who currently operates over 12,000 locations across the United States. Dollar General is responsible for taxes, insurance, and utilities. Tenant currently reimburses Landlord $378.00 per month for Landlord’ s actual cost of care and maintenance on the parking lot and shall include the maintenance of any grass or landscaped area, as well as lighting, cleaning, security, snow removal, striping and repairs. The reimbursement amount will increase to $413.00 per month beginning June, 1, 2017. There are five (5) five-year (5-yr) option periods with bumps in rent and parking lot maintenance fees.

The site is located north of Huntsville, Alabama, just off State Highway 431/231.

Current Cap Rate 7.9%

Cap Rate beginning June, 2107 8.16%

 

 

Address: 136 Countess Rd., Huntsville, AL 35810

Disclaimer

This property is subject to prior sale or removal from the market without notice. All information shown in this package, while based upon information supplied by the owner and from other sources deemed reliable, is not, in any way warranted by BILL POOLE REALTY.

Copyright © 2018 Bill Poole Realty. All Rights Reserved.

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