5975 County Rd 1763 Arab, AL 35016 $1097600 6.75 ... - LoopNet
5975 County Rd 1763 Arab, AL 35016 PRICE
NOI
$1,097,600
$74,088.00
CAP RATE
SQ FT
6.75%
9,100
CURRENT LEASE
3/1/2017 – 2/29/2032 Five 5-Year Options
5975 County Rd 1763 Arab, AL 35016
LEASE TERMS
Dollar General TENANT OVERVIEW General Information • Nation’s Fastest Growing Small-Box Discount Retailer • Publicly Traded, BBB Credit Tenant • 13,000+ Stores in 43 States
• •
20.3+ Billion in Sales 26 Years of Consecutive Same-Store Sales Growth Net Sales Increase of 7.7% Profit Increase of 8.7%
• •
Opening 1,000 Stores Per Year Renovating 750+ Stores Per Year
• •
Initial Term 1st Option 2nd Option 3rd Option 4th Option 5th Option
March 1, 2017 March 1, 2032 March 1, 2037 March 1, 2042 March 1, 2047 March 1, 2052
Rent Increases Initial Term 1st Option 2nd Option 3rd Option 4th Option 5th Option
to to to to to to
February 29, 2032 February 28, 2037 February 28, 2042 February 28, 2047 February 28, 2052 February 28, 2057
Annual Rent $74,088 $81,492 $89,640 $98,604 $108,468 $119,316
Monthly Rent $6,174 $6,791 $7,470 $8,217 $9,039 $9,943
Absolute NNN Dollar General lease.
NOI
$1,097,600
$74,088.00
CAP RATE
SQ FT
6.75%
9,100
CURRENT LEASE
3/1/2017 – 2/29/2032 Five 5-Year Options
5975 County Rd 1763 Arab, AL 35016
LEASE TERMS
Dollar General TENANT OVERVIEW General Information • Nation’s Fastest Growing Small-Box Discount Retailer • Publicly Traded, BBB Credit Tenant • 13,000+ Stores in 43 States
• •
20.3+ Billion in Sales 26 Years of Consecutive Same-Store Sales Growth Net Sales Increase of 7.7% Profit Increase of 8.7%
• •
Opening 1,000 Stores Per Year Renovating 750+ Stores Per Year
• •
Initial Term 1st Option 2nd Option 3rd Option 4th Option 5th Option
March 1, 2017 March 1, 2032 March 1, 2037 March 1, 2042 March 1, 2047 March 1, 2052
Rent Increases Initial Term 1st Option 2nd Option 3rd Option 4th Option 5th Option
to to to to to to
February 29, 2032 February 28, 2037 February 28, 2042 February 28, 2047 February 28, 2052 February 28, 2057
Annual Rent $74,088 $81,492 $89,640 $98,604 $108,468 $119,316
Monthly Rent $6,174 $6,791 $7,470 $8,217 $9,039 $9,943
Absolute NNN Dollar General lease.
