DG Anchored Value – Add Strip Mall – Birmingham, AL — photo 1 of 2 — DG Anchored Value – Add Strip Mall – Birmingham, AL

Retail – Multi-TenantBirmingham, ALCode AMC-4826

DG Anchored Value – Add Strip Mall – Birmingham, AL

Birmingham, AL

Status

Closed

Closed May 24, 2025 · Listed Dec 9, 2024

Sale price and cap rate are not disclosed. Property facts are shown as marketed.

Property details

Tenant: DG Anchored Value-Add Strip Mall
Property type: Retail – Multi-Tenant
Lease type: NN+
Lease guarantee: Corporate Guarantee
Term remaining: 5.4 yrs
Building size: 3,600 SF
Listing code: AMC-4826

Investment highlights

3600 SF Vacant that can be split up into two units or left alone as one.
Market Rent is estimated to be $12/SF potentially adding $43K/Year in Rent & Eliminating Expense Leakage
Dollar General has been at this site 17 Years and is set to renew their lease in 03/01/2025
Site is visible to over 23K+ Vehicles Per Day
Ideal Opportunity for Owner User or Redevelopment Project

Sale description

AMC Real Estate Investment Services is pleased to offer for sale this Value-Add Dollar General anchored strip mall. This property is currently 71.46% occupied by Dollar General which is an investment grade tenant and holds a S&P Credit Rating of BBB. Dollar General’s lease is set to renew early next year. This property also features upside through the leasing of the 3,600 SF of Vacant Space which can be split up into two units or kept as one. This property is ideal for an owner-user who can run their business in the remaining space while collecting income from Dollar General. This property is located directly across the street from a thriving industrial park (8.1 Million+ SF) and is visible to over 23,000 Vehicles Per Day making it the ideal property for a development or owner-user.

Published Dec 9, 2024. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.