Building Details

Building Size 10,640 SF

Listing Agency: Marcus & Millichap - Atlanta

Listed By: Robby Pfeiffer · License #License(s): GA: 281335, AL: 000091407-1 Show Phone

Source: Marcusmillichap

Added: Apr 12 Changed: Sep 3 Last Checked: Sep 4 at 2:34AM

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Investment Insights

Based on property information with market context.

The offering is a Dollar General grocery and convenience retail store, available for sale at 10477 Ramsey Rd in Grand Bay, AL. Dollar General’s business model focuses on frequently used, replenished merchandise categories such as food and snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items.

Dollar General operates a national footprint, with 18,130 stores in 46 states as of January 28, 2022. The company also sells high-quality private brands and products from major manufacturers listed in the public remarks, including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

This listing is presented for purchase of the retail location described above; additional property details were not provided in the source information.

Key Highlights

• Dollar General retail store for sale at 10477 Ramsey Rd in Grand Bay, Alabama.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$140,834

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

9.04%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,816,680 $2.8M

Cap Rate 7%

$2,011,914 $2.0M

Cap Rate 9%

$1,564,822 $1.6M

Market Conditions

NOI Build-Up for 10,640 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$210.7K $19.80/SF

− Vacancy

−$9.5K −$0.89/SF

EGI

$201.2K $18.91/SF

− OpEx

−$60.4K −$5.67/SF

NOI

$140.8K $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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,816,680

Cap Rate 7%

$2,011,914

Cap Rate 9%

$1,564,822

Alternative Uses

Best Use

Retail

$2.01M

$1.76M – $2.35M (±1% cap)

NOI $140,834 @ 7.0% cap · market cap 9.04%

Second Best

Specialty Retail

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $111,920 @ 7.0% cap · market cap 7.18%

Theoretical Best

Office A

$2.62M

$2.29M – $3.06M (±1% cap)

NOI $183,506 @ 7.0% cap · market cap 11.78%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Dollar General Discount Store

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Catering Service Auto Repair Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

6k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,613 visits/mo 0.1 miles

Demographics for 36541, AL

14,999

Population

6,432

Households

2.3

Avg Household Size

40

Median Age

14%

College-Educated

89%

High-School Grad

93.1 sq mi

ZIP Area

161

Density / Sq Mi

$76,622

Median Household Income

$49,403

Median Earnings

$919

Median Rent

$164,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Dollar General retail store for sale at 10477 Ramsey Rd in Grand Bay, Alabama.

Where is this grocery and convenience store located?

The property is located at 10477 Ramsey Rd Grand Bay, AL.

What is the asking price?

The asking price for this property is $1,558,000.

What are key features of this property?

This property features: Dollar General retail store for sale at 10477 Ramsey Rd in Grand Bay, Alabama.