Dollar General 2-Unit Strip Center

41125 U.S. 72, Stevenson, AL 35772

  • For Sale $600,000
  • Property Type Retail - Strip
  • Property Size 12,000 SF
  • Units 2
  • Lot Size 1.24 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1976
  • Year Renovated 2024
  • Date Updated Oct 29, 2024
Stevenson is a picturesque town located in northeastern Alabama, nestled within Jackson County. Known for its historical significance and scenic beauty, Stevenson offers the charm of small-town living with convenient access to major transportation routes and surrounding cities. Stevenson's economy is driven by a mix of agriculture, manufacturing, and retail services. The town's strategic location along US-72, a major highway connecting it to larger economic centers such as Huntsville and Chattanooga, makes it a favorable area for businesses. Stevenson's proximity to the Tennessee River also contributes to its regional importance, supporting industries in logistics and energy production. Stevenson is about 45 miles outside of Chattanooga, Tennessee, the county seat of Hamilton County, Tennessee. Chattanooga is located along the Tennessee River and borders Georgia to the south. With a population of 181,099 in 2020, it is Tennessee's fourth-largest city and one of the two principal cities of East Tennessee, along with Knoxville. Chattanooga anchors the Chattanooga metropolitan area, Tennessee's fourth-largest metropolitan statistical area. Chattanooga's economy includes a diversified and growing mix of manufacturing and service industries. In addition to corporate business interests, there are many retail shops in Chattanooga, including two shopping malls: Hamilton Place Mall in East Brainerd and Northgate Mall in Hixson. Eastgate Mall in Brainerd used to be a shopping mall, but has changed into a multi-use office building. Tourism and hospitality have been a growing part of Chattanooga's economy, with 2014 marking the first year for Hamilton County to surpass $1 billion in revenue. Chattanooga touts many attractions, including the Tennessee Aquarium, caverns, and new waterfront attractions along and across the Tennessee River. In the downtown area is the Chattanooga Choo Choo Hotel, housed in the renovated Terminal Station. Also downtown are the Creative Discovery Museum, a hands-on children's museum dedicated to science, art, and music; an IMAX 3D Theatre; and the newly expanded Hunter Museum of American Art. The Tennessee Riverwalk, an approximately 13-mile-long (21 km) trail running alongside the river, is another attraction for both tourists and residents alike. Across the river from downtown is the North Shore district, roughly bounded by the Olgiati Bridge to the west and Veterans Bridge to the east. The newly renovated area draws locals and tourists to locally owned independent boutique stores and restaurants, plus attractions along the Chattanooga Riverpark system, including Coolidge Park and Renaissance Park.

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Highlights

  • LONG TERM TENANCY - Dollar General has successfully operated at this location for the past 20+ years, extending it's lease on multiple occasions along the way showing it's long term continued commitment to the site.
  • MINIMAL COMPETITION - The property is more than 8 miles away from the nearest discount store or major grocer, making this a go-to store for local residents and businesses.
  • DIVERSE TENANT MIX – The property features a strong mix of tenants with Dollar General providing stability as a national anchor tenant, and a locally operated Dance Studio which attracts additional foot traffic and offers a service-based business that complements the retail environment.
  • RECENT RENOVATIONS - Landlord has recently renewed the exterior facade of the property as well as part of the interior. Dollar General renovated their interior within this renewal period, further showing their investment in this location.
  • IDEAL DOLLAR GENERAL MARKET - The surrounding area has household income levels of $58,724 in the 1-Mile Ring and $49,632 in the 3-Mile Ring. Surrounding density of over 12,000 residents within a 10-mile radius.
  • PANDEMIC PROOF - Essential Business that remained unaffected throughout the COVID-19 pandemic. Open and paying rent on time in full with no requests for temporary rent abatement nor rent reduction.
  • NATIONALLY RECOGNIZED TENANT - Dollar General is the largest “Small Box” retailer in the nation. Dollar General has been in business since 1939 with over 20,000+ locations Nationwide. NYSE: DG Investment Grade "BBB" rating.

Contacts

broker

Filip Hernas

Prime Net Lease

Location

Getting Around

  • Walk Score ®

    6/100 Car-Dependent
  • Bike Score ®

    29/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Stevenson, AL
  • Zip Code 35772
  • Market Chattanooga

Points of Interest

  • Texaco

    6.27 miles

  • Jack's

    1.88 miles

  • McDonald's

    1.98 miles

  • Burger King

    2.02 miles

  • FoodLand

    1.79 miles

Frequently Asked Questions

How much does Dollar General 2-Unit Strip Center cost?

The space currently listed for sale at Dollar General 2-Unit Strip Center asks for $600,000.

What is the total square footage of Dollar General 2-Unit Strip Center?

Dollar General 2-Unit Strip Center totals 12,000 square feet.

When was this property built?

Dollar General 2-Unit Strip Center was built in 1976.

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Contact Listing Broker

broker

Filip Hernas

Prime Net Lease