Dollar General NNN Property For Sale — Phenix City, AL
1289 43rd Avenue, Phenix City, AL 36869
This Dollar General property in Phenix City, Alabama, offers an attractive investment opportunity. Built in 2015, the 9,100 SF store is situated on a 1.12-acre corner lot, strategically located just off Crawford Rd (U.S. 80 & AL 9), a major commercial thoroughfare for Phenix City and Columbus, Georgia. The location benefits from high traffic counts of approximately 27,443 vehicles per day. The property is positioned within 3 miles of downtown Phenix City and 4 miles of downtown Columbus, serving a 5-mile population of over 81,611 residents with an average household income of $68,466. The lease is an absolute NNN with approximately 4.67 years remaining on the initial 15-year term, and features five 5-year renewal options, each with a 10% rent increase. There are no landlord responsibilitie…
- Address: 1289 43rd Avenue, Phenix City, AL 36869
- Asking price $1.23M
- 7.50% cap rate
- NOI $91,875
- 4.67 years remaining
- NNN lease
- Year built: 2015
- Building size: 9,100 SF
- Lot size: 1.12 acres
- Lease expiration: Mar 5, 2026
- Rent increases: 5 year renewal - 10% rent increase; 5 year renewal - 10% rent increase; 5 year renewal - 10% rent increase; 5 year renewal - 10% rent increase; …
- Guarantor: Corporate
Location
This Dollar General property is at 1289 43rd Avenue in Phenix City, Alabama.
Asset type: Retail - Freestanding