Dollar General Market NNN Property For Sale — Marion, AL
1367 M.L. King Memorial Pkwy, Marion, AL 36756
This newly constructed Dollar General Market, built in 2023, offers an exceptional investment opportunity with a 15-year absolute NNN lease. The property features a larger prototype (approximately 12,733 SF) on a spacious 2.23-acre lot, reflecting Dollar General's expanded grocery store concept. The lease includes attractive 5% rental increases every five years throughout the primary term and options. As a division of Dollar General Corporation (NYSE: DG), a Fortune 500 company with an investment-grade credit rating (BBB), the tenant provides a secure income stream with zero landlord management responsibilities. Dollar General is a rapidly expanding, essential retailer with over 21,000 locations, driving consistent demand in underserved markets. The property is strategically located in Ma…
- Address: 1367 M.L. King Memorial Pkwy, Marion, AL 36756
- Asking price $1.91M
- 6.60% cap rate
- NOI $125,967
- 13 years remaining
- NNN lease
- Year built: 2023
- Building size: 12,733 SF
- Lot size: 2.23 acres
- Lease expiration: Sep 30, 2038
- Rent increases: Year 1-5: $125,964.00; Year 6-10: $132,262.20 (5% increase); Year 11-15: $138,875.28 (5% increase); Option 1: $145,819.08 (5% increase); …
- Guarantor: Corporate
Location
This Dollar General Market property is at 1367 M.L. King Memorial Pkwy in Marion, Alabama.
Asset type: Retail