Dollar General
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
3194 New Castle Rd., Birmingham, AL 35217
PROPERTY INFORMATION
Price:
$1,446,539
Cap Rate:
6.50%
Term Remaining:
14 Years
Status:
Closed
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in
Birmingham, AL. The property is encumbered with a Fifteen (15) Year Absolute NNN
Lease, leaving zero landlord responsibilities. The lease contains Four(5) Yr. Options
to renew, each with a 10% rental rate increase. The lease is corporately guaranteed
by Dollar General Corporation which holds a credit rating of “BBB”, which is
classified as Investment Grade. The rent commenced 1/31/2015.