Dollar General Store in Grand
For Sale
Contact for pricing
10090 Hwy 188, Grand Bay, AL
9,002 SF Dollar General with Absolute NNN Lease.
Property Size9,002 SF
Lot Size1.29 Acres
Price / SF$154.67
Days on Market925
Property Features for 10090 Hwy 188
General Information
Standard status
Active
Size
9,002 SF
Lot size
1.29 Acres
Property subtype
RETAIL
Listing Agency:
Exclusive Realty
(248) 219-8080
Listed By:
Steve Sagmani · License #6502426558
(248) 833-6601
Source:
Moodyscre
Added: Apr 22, 2024
Changed: Oct 26
Last Checked: Nov 1 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exclusive Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,002-square-foot Dollar General store is located in Grand Bay, Alabama. The property features an Absolute NNN Lease with zero landlord responsibilities. The Dollar General lease is corporately guaranteed by Dollar General, Inc., which holds a credit rating of “BBB” and is classified as investment grade. This offering represents an opportunity for a 1031 Exchange buyer. The investment offers continued success due to the financial strength and profitability of the tenant.
Key Highlights
- Absolute NNN Lease with zero landlord responsibilities.
- Corporately guaranteed lease by Dollar General, Inc.
- Dollar General, Inc. credit rating of “BBB” (investment grade).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,153
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,383,060
$2.4M
Cap Rate 7%
$1,702,186
$1.7M
Cap Rate 9%
$1,323,922
$1.3M
Market Conditions
NOI Build-Up for 9,002 SF
Gross rent
$178.2K $19.80/SF
− Vacancy
−$8.0K −$0.89/SF
EGI
$170.2K $18.91/SF
− OpEx
−$51.1K −$5.67/SF
NOI
$119.2K $13.24/SF
Area
Mobile County, AL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,383,060
Cap Rate 7%
$1,702,186
Cap Rate 9%
$1,323,922
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,153 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,256 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Dining 1%
Dollar General
Shops & Services
4,365 visits/mo
0.1 miles
Clarke's
Dining
63 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - 9,002 SF Dollar General with Absolute NNN Lease.
Where is this storefront property located?
The property is located at 10090 Hwy 188 Grand Bay, AL.
What is the asking price?
The asking price for this property is $1,392,328.
What are key features of this property?
This property features: Absolute NNN Lease with zero landlord responsibilities.; Corporately guaranteed lease by Dollar General, Inc.; Dollar General, Inc. credit rating of “BBB” (investment grade).
