Dollar General - Semmes, AL

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Pricing and Location

Price:   $413,000

Address:   8865 Moffett Rd, Semmes, AL 36575

Status:   Available

Property Details

CAP Rate: 10.50% Year Built: 1992
Net Rentable Area: 8,500 Price Per Sqft: $51.06
Lot Size (Acres): 0.67 NOI: $43,400

Marketing Materials

Property Description

This 8,500 square foot Dollar General store lies on Highway 98, which is a major thoroughfare for vacationers from Mississippi, who are headed to the Florida coast, boasting an annual daily traffic count of over 24,000 vehicles. Dollar General has operated the store since 2001 and recently extended the lease two years early - now having a seven year term on the NN lease. Semmes, AL is part of the Mobile, AL metro area, which is the state's 2nd fastest growing area in the state. The recent developments in town include a 48 and a 64-unit senior living properties less than a half mile of the subject property. Furthermore, other national retailers adjacent to the property include Winn-Dixie, Shell, CVS, Walgreens, Regions Bank, State Farm Insurance, and the United States Postal Service, with this Dollar General being the only discount retailer in town. A mile down the road to the west of the property lie the Mary G. Montgomery High School and Semmes Elementary School, with 2,100+ and 589 students respectively.

Area Map and Street View

What Clients Are Saying                                     

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557