Listed by Marcus & Millichap - Atlanta
$2,210,000
Dollar General | 2nd Fastest Growing County in AL
Details
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 10,566
Net Rentable (SqFt) 10,566
Cap Rate 6.65%
NOI $146,964
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options 5, 5-Year Options
Price per SqFt $209
Year Built 2026
Acreage 1.770
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/27/2026
Ground Lease No
Sale Condition 1031 exchange
Dollar General | New Construction | 5% Increases
Marketing description
DOLLAR GENERAL
• PUBLICLY TRADED COMPANY ON NYSE
• INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POOR’S
• 20,000+ LOCATIONS IN 48 STATES
• $42.7 BILLION NET SALES FISCAL YEAR 2025
Investment highlights
PROPERTY HIGHLIGHTS
• NEW 2026 CONSTRUCTION | ESTIMATED JULY OPENING
• 5% RENTAL INCREASES EVERY 5 YEARS
• TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
• COUNTY ROAD 95 LOCATION
• 10,000+ POPULATION IN 5-MILE RADIUS | 75,000+ POPULATION IN 10-MILE RADIUS
• BALDWIN COUNTY IS 2ND FASTEST GROWING COUNTY IN ALABAMA | 17% GROWTH SINCE 2020
Listing Contacts
Listed by Marcus & Millichap - Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,964.00
$12,247.00/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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