Dollar General for Sale in Lanett, AL
Lanett, AL
Key Investment Metrics
Price
$785,000
Cap Rate
8.4%
Net Operating Income
$65,892
Building Size
9014 SF
Land Area
0.97 Acres
Remaining Term
4.2 years
Lease Expiration
09/29/2030
Lease Term
25 years
Lease Commencement
09/30/2005
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2005
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% Every 5 Years
Property overview
Dollar General in Lanett
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,014 SF
- Land area
- 0.97 acres
- Year built
- 2005
- Lease type
- NN+
- Lease expiration
- 09/29/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.