26 9th St
Ragland, AL 35131

$929,000 USD

Freestanding For Sale • 9,014 SF

Property Details

Property Type Freestanding
Total Building Size 9,014 SF
Lot Size 0.98 AC
Building Class C
Year Built 2010
Tenancy Single

20 Walk Score

                
                    Highlights
                
                                $929,000 Asking Price/ 8.48 Cap Rate/$78,789 NOI
                            
                                Established Dollar General Location operating since 2010
                            
                                Just under 7 years remain on current lease w/five additional 5-year renewal options with 10% rent increases at each exercised option.
                            
                                NN Lease -- Tenant reimburses real estate taxes & insurance.
                            
                                Very limited direct competition with nearest operating Dollar General or Family Dollar approximately 7.2 miles away.
                            
                                St. Clair County retail vacancy only 1.8%