Dollar General NNN Property For Sale — Eldridge, AL
376 Smothers Ave, Eldridge, AL 35554
This Dollar General property, located in Eldridge, Alabama, offers an attractive investment opportunity. Situated less than an hour from Birmingham, Alabama's third-most populous city, the location benefits from its proximity to a major urban center. The property is strategically positioned just south of Interstate 22 at the intersection of Highway 13 and Highway 118, ensuring good visibility and accessibility. This is a critical retail location as it serves as the sole general merchandise and everyday needs store in the immediate area. The lease is an absolute triple-net, providing a passive investment with zero landlord responsibilities, including maintenance, taxes, and insurance. The tenant is Dollar General, a nationally recognized and essential retailer, operating under a corporate…
- Address: 376 Smothers Ave, Eldridge, AL 35554
- Asking price $1.21M
- 7.15% cap rate
- NOI $86,698
- 8.3 years remaining
- NNN lease
- Building size: 7,500 SF
- Rent increases: Every 5 years
- Guarantor: Corporate
Location
This Dollar General property is at 376 Smothers Ave in Eldridge, Alabama.
Asset type: Retail