Dollar General Anchored Plaza
For sale is the 100% fee-simple interest in the Dollar General (NYSE: DG) anchored Heritage Place Shopping Center in Montgomery, Alabama. The Dollar General lease is corporately guaranteed by Dolgencorp Inc., an investment grade corporation (S&P: BBB-), who has been in the property for over 13 years. Other tenants include I Communication LLC and Highlex Distribution LLC. The property is currently 67% leased and is offered for sale based on existing rent only, providing the new owner with incredible upside. This Dollar General anchored property contains 19,800 square feet of well-positioned retail space prominently located on U.S. 31 (19,280 VPD), just south of U.S. 80 and west of Interstate 65. The property is situated to serve not only the surrounding neighborhoods, but also regionally because of its proximity to three major highways and the Montgomery Regional Airport. U.S 31 is a main business corridor in Montgomery, with Hyundai Motor Manufacturing Alabama located within 2 miles of the property. It is surrounded by other national and regional retailers including CVS, Dollar Tree, Church’s Chicken, Regions Bank, Stop N Go, Advance Auto Parts, Big Lots Distribution Center, and many more.