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34315353

1509 Elba Highway, Troy, AL 36079 For Sale

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC
$2,106,489
9 days on market
Updated 8 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Net Rentable (SqFt) 9,100
Units 1
Cap Rate 6.75%
NOI $142,188
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/22/2041
Rent Bumps Yes
Lease Options 5 - 5 year options
Year Built 2026
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/22/2026
Occupancy Date 11/22/2026
Ground Lease No

Retail | 6.75% CAP | 9,100 SqFt

Marketing description

LHT Commercial Real Estate, LLC is pleased to bring to market this brand new free standing Dollar General store. This store has a brand new guaranteed NNN lease that has a 5% rent increase every 5 years. This lease has a 15 year initial term with 5 – 5 year options. Troy is located in the southern part of Alabama and is the County seat of Pike County. This store has a 9,100 square foot building. The yearly rental income is $142,188. 6.75% CAP with a $2,122,209 Sales Price. The store opens November 2026 and the coordinates for the store are 31.7628 -85.9618. There are over 17,000 people in Troy. Troy is also the home to Troy University, the 4th largest school in the state. I have other properties as well that are not “on the market”. Contact me today for more information.

Investment highlights

LHT Commercial Real Estate, LLC is pleased to bring to market this brand new free standing Dollar General store. This store has a brand new guaranteed NNN lease that has a 5% rent increase every 5 years. This lease has a 15 year initial term with 5 – 5 year options. Troy is located in the southern part of Alabama and is the County seat of Pike County. This store has a 9,100 square foot building. The yearly rental income is $142,188. 6.75% CAP with a $2,122,209 Sales Price. The store opens November 2026 and the coordinates for the store are 31.7628 -85.9618. There are over 17,000 people in Troy. Troy is also the home to Troy University, the 4th largest school in the state. I have other properties as well that are not “on the market”. Contact me today for more information.

Listing Contacts

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$142,188.00
$11,849.00/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Jonathan Broadway
License
AL 82483
Brokerage
LHT Commercial Real Estate, LLC
Title
Real Estate Broker
Brokerage Address
203 East Side Square
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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