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18510302
33310398

45 Alpine Winterboro Rd, Alpine, AL 35014

ER
MS 19734
Randall Commercial Group, LLC
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC
$2,142,343
711 days on market
Updated 1 day ago

DG Market | Alpine, AL

Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 10,640
Net Rentable (SqFt) 10,640
Units 1
Cap Rate 7%
NOI $149,964
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/31/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options Five (5), Five (5) Year Options
Price per SqFt $201
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.900
Parking Spaces 35 spaces
Parking Per SqFt 3.29
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/04/2024
Occupancy Date 10/10/2024
Ground Lease No

DG Market | 7.00% CAP | 10,640 SF

Marketing description

Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing DG Market located in Alpine, AL. The subject property has a 15-year NNN lease with 5% increases every 5 years and a rent commencement date of October 4, 2024. The property is located on Alpine Winterboro Rd at its intersection with AL Hwy 21. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.

The subject property is located on Alpine Winterboro Road, between Talladega, AL and Sylacauga, AL. The property is conveniently situated just north of Winterboro High School and approximately 9.5 miles south of the city of Talladega, AL, on the AL Hwy 21 corridor. Talladega County is home to Honda Manufacturing of Alabama, the largest automaker in the state, as well as the Talladega Superspeedway, the longest NASCAR track in the country that attracts thousands of attendees per year and brings an economic impact of ±$150MM as a result of the two races held there each year.

Investment highlights

NNN Single Tenant Investment Opportunity

15-Year Lease with Five (5), Five (5) Year Options

5% Increases Every 5 Years During the Initial Term and Each Option

Corporate Guarantee by Dollar General Corporation

Listing Contacts

ER
MS 19734
Randall Commercial Group, LLC
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$149,964.00
$12,497.00/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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