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Dollar General, Trafford, AL

Dollar General

Trafford, AL

Price $1,087,000
Cap Rate 8.00%
NOI $86,950
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Option Periods
Year Built 2014
Building Size 9,100 SF
Lot Size 1.34 Acres (58,370 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Alabama-licensed real estate broker Commercial Realty, LLC.

Investment Highlights

CORPORATE GUARANTEED LEASE WITH SCHEDULED RENT INCREASES
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Scheduled rental increases in option periods, providing a hedge against inflation

ABSOLUTE TRIPLE NET LEASE
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $21.9 billion
» Dollar General operates 14,000 locations in 43 states and has plans for significant future growth

CENTRAL LOCATION NEAR MAJOR THOROUGHFARES AND NOTABLE COMMUNITY AMENITIES
» Convenient access to Interstate 65, a major thoroughfare connecting the region with downtown Birmingham, which experiences a traffic volume of 59,320 vehicles per day
» Excellent visibility and access from Warrior – Trafford Road, the main route through Trafford
» Within walking distance of downtown Trafford and the Locust Fork of the Black Warrior River, which features several stretches of whitewater and is popular with canoers and kayakers
» Minutes from Mortimer Jordan High School, with a total enrollment of over 760 students, and Trafford’s industrial region, which is home to major companies WCA Waste Corporation and Total Automation Group

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located at the intersection of Gurley Road and Warrior – Trafford Road, the main route through Trafford. Warrior – Trafford Road connects Trafford with the nearby city of Warrior and also intersects with U.S. Highway 31, which has a traffic count of 10,390 vehicles per day. In turn, U.S. Highway 31 connects with Interstate 65, a major thoroughfare connecting the region with downtown Birmingham, which experiences a traffic volume of 59,320 vehicles per day. Warrior – Trafford Road also provides convenient access to major retailers located in Warrior. Notable tenants in the nearby area include Piggly Wiggly, Ace Hardware, NAPA Auto Parts, McDonald’s, Taco Bell, CVS, Advance Auto Parts, Chevron, and several others.

The property is centrally located within walking distance of downtown Trafford. The property is also minutes from Mortimer Jordan High School, with a total enrollment of over 760 students, and Trafford’s industrial region, which is home to major companies WCA Waste Corporation and Total Automation Group. The property is directly adjacent to the Locust Fork of the Black Warrior River, which features several stretches of whitewater and is popular with canoers and kayakers. Other recreational areas, including Green Briar Golf Course and Rickwood Caverns State Park, are just a short drive away.

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