41123 Us-72 is aretail property for lease in Stevenson, AL.
This investment property contains a 12,000 SF building of which Dollar General (DG) Store #8068 occupies 9,200 SF and has since December of 2000 and a 2,800 SF tenant named Crow Creek Beverage. Crow Creek has occupied the building since October of 2014. The most recent lease extension for DG extends the lease until December 31, 2017. There have been several 3-year lease extensions for DG. The current extension allows for one more extension from 1/1/18 through 12/31/2021. See Lease Abstract for more lease details.
The Crow Creek Beverage lease began 10/1/2014 and terminates on 10/1/2017. Crow Creek has one 3-year extension beyond 10/1/2017. They pay in addition to regular rent a percentage rent of 3% on sales over $125,000/year.
The combined Capitalization Rate (Cap Rate) for this investment is 8.25%.
Additional Information available upon request:
1. Dollar General Least Abstract and lease documents
2. Crow Creek Beverage Lease Abstract and lease documents
3. Pro forma and Actual 2014 & 2015 P&L's
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